Section 4. Section 203 of the act is amended by adding a subsection to read:
Section 203. Additional Powers Related to Conduct of Business
of Incorporated Institutions Other Than
Trust Companies
A bank, a bank and trust company and a savings bank shall have in addition to other powers granted by this act or its articles and subject to the limitations and restrictions contained in this act or in its articles:
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(e) Membership in Federal Home Loan Bank--The power to become a member of the Federal Home Loan Bank System, to hold shares of stock in a Federal Home Loan Bank, to take all actions incident to maintenance of such membership and to exercise all powers, not inconsistent with provisions of this act, conferred on member banks.