Delaware Code Title 18 Sec. 1315 – Bankers’ acceptances; bills of exchange
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An insurer may invest in bankers’ acceptances and bills of exchange of the kinds and maturities made eligible by law for rediscount with Federal Reserve Banks, and generally accepted by banks or trust companies which are members of the Federal Reserve System.
18 Del. C. 1953, § ?1315; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 1315
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC