12 U.S.C. § 1435 : US Code - Section 1435: Obligations as lawful investments; liability of United States for debentures, etc., issued by banks

Search 12 U.S.C. § 1435 : US Code - Section 1435: Obligations as lawful investments; liability of United States for debentures, etc., issued by banks

Obligations of the Federal Home Loan Banks issued with the
approval of the Board under this chapter shall be 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 or any officer
or officers thereof. The Federal reserve banks are authorized to
act as depositaries, custodians, and/or fiscal agents for Federal
Home Loan Banks in the general performance of their powers under
this chapter. All obligations of Federal Home Loan Banks shall
plainly state that such obligations are not obligations of the
United States and are not guaranteed by the United States.