12 CFR 1510.6 - What must the Funding Corporation do with surplus funds?

Regulations last checked for updates: Apr 30, 2024

Title 12 - Banks and Banking last revised: Apr 23, 2024

View all text of Part 1510 [§ 1510.1 - § 1510.8]

§ 1510.6 - What must the Funding Corporation do with surplus funds?

If the Funding Corporation has funds that are not needed for current interest payments on obligations, it must invest the funds in obligations of the United States issued by the Secretary, in accordance with an investment policy approved by the Secretary.

authority: 12 U.S.C. 1441b; Sec. 14(d), Pub. L. 105-216, 112 Stat. 910

source: 65 FR 12069, Mar. 8, 2000, unless otherwise noted.

cite as: 12 CFR 1510.6