(a) Interest-bearing time deposits, demand deposits, and cash sweep deposit accounts in banks organized under the laws of the United States, or any state or territory thereof; provided, that said bank: (1) has Tier 1 capital in excess of One Billion Dollars ($1,000,000,000); and (2) is a member of the Federal Reserve System; and (3) together with any predecessors, have been conducting a banking business for a continuous period of ten (10) or more years; or
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(4) any bank or savings and loan association chartered in Guam, and a member of the Federal Deposit Insurance Corporation or the Federal Home Loan Bank System. (b) Cash equivalents purchased in investment funds authorized under § 8158 or in exchange-traded funds authorized under § 8158.1; in amounts and for durations approved by the Board in connection with the management of uninvested cash balances; such purchases shall be excluded from limitations of § 8158(e) and § 8158.1(b). SOURCE: GC § 4225.6, as amended by P.L. 13-124:4 (Jan. 9, 1976). Repealed and reenacted by P.L. 26-035:IV:23 (Sept. 28, 2001). Reenacted to its prior version by P.L. 26-058:XI:10 (Nov. 20, 2001). Amended by P.L. 32-086:8 (Nov. 27, 2013), P.L. 32-135:4 (Mar. 2, 2014). 2025 NOTE: The Compiler has corrected manifest errors in past publications of the GCA, including omissions of legislative history. 2014 NOTE: Pursuant to P.L. 32-135:5 (Mar. 2, 2014): Section 5. Effective Date. This Act shall become effective retroactively to the enactment date of Public Law No. 32-086, November 27, 2013.