Title 12, Banks and BankingRelease 119-102
§2157 Bonds as Investments
Title 12 › CHAPTER 23 — FARM CREDIT SYSTEM › SUBCHAPTER IV — PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM › Part A — Funding › § 2157
Summary
Bonds under this law are legal investments for trusts and can secure public deposits.
Full Legal Text
Title 12, §2157
Banks and Banking, Source: USLM XML via OLRC
The bonds, debentures, and other similar obligations issued under the authority of this chapter shall be lawful investments for all fiduciary and trust funds and may be accepted as security for all public deposits.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2157
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102