ARM 2.59.2053. OTHER APPROVED QUASI-GOVERNMENT SECURITIES

(1) Certain other securities are approved for mutual association investment. There is no dollar limit on a mutual association's investment in: (a) general services administration (participation certificates); (b) maritime administration (bonds and notes); and (c) Washington metropolitan area transit authority (bonds). (2) A mutual association's investment is limited to 50% of capital in: (a) Asian development bank (bonds and notes); (b) financing corporation (FICO) (bonds); (c) Inter-American development bank (bonds); (d) resolution funding corporation (REFCORP) (bonds); (e) Tennessee valley authority (TVA) (bonds); and (f) world bank (bonds and notes).