12 CFR 1268.2 – Authorization for acquired member assets
Current as of: 2024 | Check for updates
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(a) General. Each Bank is authorized to invest in assets that qualify as AMA, subject to the requirements of this part and part 1272 of this chapter.
Terms Used In 12 CFR 1268.2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(b) Grandfathered transactions. Notwithstanding paragraph (a), a Bank may continue to hold as AMA assets that were previously authorized by the Federal Housing Finance Board or FHFA for purchase as AMA, provided that the assets were purchased, and continue to be held, in compliance with that authorization.