Regulations last checked for updates: Nov 24, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
§ 810.4 - Acceptance of FFB bills for various purposes.

Federal Financing Bank bills are lawful investments and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or possession of the United States. They are eligible for purchase by national banks, and will be accepted at maturity value to secure public moneys.

authority: Secs. 9-11, 87 Stat. 939, 940; (12 U.S.C. 2288,2289,2290
source: 39 FR 26397, July 19, 1974, unless otherwise noted.
cite as: 12 CFR 810.4