Section 702. Definitions for Purpose of Reserve Requirement
For the purposes of the reserve requirement imposed by section 703 and the composition of the required reserve fund under section 704, the terms:
(a) "reserve agent" shall mean a depository of the institution selected as provided in section 610 and approved by the department for the deposit of funds included in the required reserve fund; and
(b) "instrumentality of the United States" shall mean the Federal National Mortgage Association, a Federal Land Bank, a Federal Home Loan Bank, a Bank for Cooperatives and a Federal Intermediate Credit Bank.
(702 amended Apr. 8, 1982, P.L.262, No.79)