Pub. L. 88-560, tit. IX, sec. 907

Sec. 907. The second proviso in the first paragraph of section 5(c) of the Home Owners’ Loan Act of 1933 is amended to read as follows: “: And provided further, That any portion of the assets of such associations may be invested in obligations of, or fully guaranteed as to principal and interest by, the United States, or in the stock or bonds of a Federal Home Loan Bank, or in obligations, participations, or other instruments of or issued by, or fully guaranteed as to principal and interest by, the Federal National Mortgage Association or any other agency of the United States; or in general obligations of any State or of any political subdivision thereof; and as used in this proviso the term ‘State’ shall include the District of Columbia, the Commonwealth of Puerto Rico, and the possessions of the United States”.