LAC 71:I.501. U.S. Government Agency Obligations

A. Pursuant to R.S. 49:327(B)(1)(a) and (b), obligations of or obligations guaranteed by, any of the following agencies, instrumentalities, or government-sponsored entities of the United States government, or their successor agencies, universally referred to in the investment community as "agency securities," shall be eligible for investment by the treasurer: 1. Government National Mortgage Association (GinnieMae, GNMA); 2. Federal Agriculture Mortgage Corporation (FAMC); 3. Farm Credit Financial Assistance Corporation (FCFAC); 4. Farm Credit System Banks (FFCB); 5. Farmers Home Administration (FmHA); 6. Federal Home Loan Banks (FHLB); 7. Federal Home Loan Mortgage (FreddieMac, FHLMC); 8. Financing Corporation (FICO); 9. Federal Land Bank Bonds (FLBB); 10. Federal National Mortgage Corporation (FannieMae, FNMA); 11. Resolution Funding Corporation (REFCO); 12. Small Business Administration (SBA); 13. Federal Deposit Insurance Corporation (FDIC); 14. Tennessee Valley Authority (TVA); 15. U.S. Postal Service (USPS). B. The named agencies may issue such securities as discount notes, notes, debentures, bonds, participation certificates, mortgage-backed securities, collateralized mortgage obligations, adjustable rate mortgages, floating rate notes, and step-up notes of various maturity, call and put features. These securities issued by a named agency are illustrative only. Since agencies periodically issue a new form of security with similar guarantees, any such guaranteed security issued by a referenced agency shall be eligible for investment by the treasurer.