State and local government obligations.

CFR · 2024-01-01 · US · Title 12

(a) Pursuant to HOLA section 5(c)(1)(H), a Federal savings association may invest in obligations issued by any state, territory, possession, or political subdivision thereof (“governmental entity”), subject to appropriate underwriting and the following conditions: (b) (c) (d) For all securities, the institution must consider, as appropriate, the interest rate, credit, liquidity, price, transaction, and other risks associated

official document · source cfr-2024 · id 12:§ 160.42