Rule 2.59.2052 - U.S. TREASURY AND U.S. GOVERNMENT AGENCY ISSUES(1) There is no dollar limit on a mutual association's investment in the following U.S. treasury securities: (2) There is no dollar limit on a mutual association's investment in U.S. treasury bonds and notes in the form of separate trading of registered interest and principal of securities (STRIPS).(3) There is no dollar limit on a mutual association's investment in the following U.S. government agency ordinary debt issues:(a) farm credit system (FCS):(i) consolidated FCS bonds;(ii) federal land bank bonds (FLB);(iii) federal intermediate credit bank bonds (FICB);(iv) banks for cooperatives bonds (BC); and(v) federal agricultural mortgage corporation (FAMC);(b) farmers home administration (FmHA);(c) federal housing administration (FHA);(d) federal home loan banks (FHLB);(e) federal home loan mortgage corporation (FHLMC);(f) federal national mortgage association (FNMA);(g) student loan marketing association (SLMA); and(h) United States postal service (USPS).(4) There is no dollar limit on a mutual association's investment in the following U.S. government agency mortgage-backed securities (MBS), collateralized mortgage obligations (CMOs), and real estate mortgage investment conduits (REMICs): (a) instruments issued by the federal home loan mortgage association (FHLMC);(b) instruments issued by the federal national mortgage association (FNMA);(c) instruments issued by the government national mortgage association (GNMA);(d) instruments issued by the federal agricultural mortgage corporation (FAMC);(e) FHLMC MBS pass through securities (PCs);(f) GNMA I, single issuer pass through PCs; and(g) GNMA II, single and multiple issuer pass through PCs.Mont. Admin. r. 2.59.2052
NEW, 2022 MAR p. 230, Eff. 2/12/2022AUTH: 32-2-701, 32-2-704, 32-2-908, MCA; IMP: 32-2-701, 32-2-704, 32-2-908, MCA