WAC 208-512-110. Investment securities — Permissible investments

(1) Permissible investments include the following investment security types, subject to specific capital limitations: (a) Type I security, which a bank may deal in, purchase, and sell for its own account without any capital and surplus limitation. (b) Type II security, which a bank may deal in, purchase and sell for its own account subject to a twenty percent of capital and surplus limitation, in addition to any limitation set forth in WAC 208-512-115 (1). (c) Type III security which a bank may purchase and sell for its own account with a twenty percent of capital and surplus limitation, in addition to any limitation set forth in WAC 208-512-115 (1). (d) Type IV security, which a bank may purchase and sell for its own account without any capital and surplus limitation. (e) Type V security, which a bank may purchase and sell for its own account with a twenty-five percent of capital and surplus limitation. (2) Any investment security held by a bank, regardless of investment security type, must be considered investment grade.