Standby letters of credit on behalf of members.

CFR · 2024-01-01 · US · Title 12

(a) (1) To assist members in facilitating residential housing finance; (2) To assist members in facilitating community lending; (3) To assist members with asset/liability management; or (4) To provide members with liquidity or other funding. (b) (c) (2) A standby letter of credit issued or confirmed on behalf of a member for a purpose described in paragraphs (a)(1) or (a)(2) of this section may, in addition to the collateral described in paragraph (c)(1) of this section, be secured by obligations of state or local government units or agencies, where such obligations have a readily ascertainable

official document · source cfr-2024 · id 12:§ 1269.2