Moneys of the Association not invested in mortgages or other security holdings or in operating facilities shall be kept in cash on hand or on deposit, or invested in obligations of the United States or guaranteed thereby, or in obligations, participations, or other instruments which are lawful investments for fiduciary, trust, or public funds.
Structure US Code
SUBCHAPTER III— NATIONAL MORTGAGE ASSOCIATIONS
§ 1716. Declaration of purposes of subchapter
§§ 1716–1, 1716a. Repealed. , title II, § 206,
§ 1717. Federal National Mortgage Association and Government National Mortgage Association
§ 1718. Capitalization of Federal National Mortgage Association
§ 1719. Secondary market operations
§ 1720. Repealed. [title IV, § 483(a)], ,
§ 1721. Management and liquidation functions of Government National Mortgage Association
§ 1723d. Transfer of certain functions to Association
§ 1723e. Repealed. [title IV, § 483(a)], ,