Restrictions on investments of idle funds by RBICs.

CFR · 2024-01-01 · US · Title 7

(a) (1) Direct obligations of, or obligations guaranteed as to principal and interest by, the United States, which mature within 15 months from the date of the investment; or (2) Repurchase agreements with federally insured institutions, with a maturity of seven days or less. The securities underlying the repurchase agreements must be direct obligations of, or obligations guaranteed as to principal and interest by, the United States. The securities must be maintained in a custodial account at a federally insured institution; or (3) Certificates of deposit with a maturity of one year or less, issued by a federally insured institution; or (4) A deposit account in a federally insured institution, subject to a withdrawal restriction of one year or less; or (5) A checking account in a federally insured institution; or (6) A reasonable petty cash fund. (b) (2) (c)

official document · source cfr-2024 · id 7:§ 4290.530