Pub. L. 88-560, tit. IX, sec. 905

Sec. 905. Section 5(c) of the Home Owners’ Loan Act of 1933 is further amended by adding at the end thereof (after the paragraph added by section 804 of this Act) the following new paragraph: “Any such association is authorized to invest in the capital stock, obligations, or other securities of any corporation organized under the laws of the State, District, Commonwealth, territory, or possession in which the home office of the association is located, it the entire capital stock of such corporation is available for purchase only by savings and loan associations of that. State? District, Commonwealth, territory, or obssession and by Federal savings and loan associations having their home offices therein, but no association may make any investment under this sentence if its aggregate outstanding investment under this sentence, determined as prescribed by the Board, would thereupon exceed 1 per centum of its assets.”