A state savings bank may invest in the stock of the Federal Home Loan Bank of which the savings bank is a member, and in bonds or other evidences of indebtedness or obligation of a Federal Home Loan Bank.
Investments in stock or bonds of Federal Home Loan Banks
S.C. Code Ann. § 34-30-1340, under Title 34, Chapter 30.
S.C. Code Ann. § 34-30-1340