CFR > Title 12 - Banks and Banking > CHAPTER IX—FEDERAL HOUSING FINANCE BOARD > SUBCHAPTER L—NON-BANK SYSTEM ENTITIES (parts 995 to 997) > PART 995—FINANCING CORPORATION OPERATIONS > 995.3—Authority to establish investment policies and procedures.

995.3—Authority to establish investment policies and procedures.

The Directorate shall have authority to establish investment policies and procedures with respect to Financing Corporation funds provided that the investment policies and procedures are consistent with the requirements of section 21(g) of the Act (12 U.S.C. 1441(g) ). The Directorate shall promptly notify the Finance Board in writing of any changes to the investment policies and procedures.

Code of Federal Regulations

[62 FR 50248, Sept. 25, 1997. Redesignated at 65 FR 8256, Feb. 18, 2000, as amended at 67 FR 12855, Mar. 20, 2002]