1. A. Pursuant to R.S. 49:327(B)(1)(a) and (b), obligations of or obligations guaranteed by, any of the following agencies, instrumentalities, or government-sponsored entities of the United States government, or their successor agencies, universally referred to in the investment community as "agency securities," shall be eligible for investment by the treasurer:

   1. 1. Government National Mortgage Association (GinnieMae, GNMA);
   2. 2. Federal Agriculture Mortgage Corporation (FAMC);
   3. 3. Farm Credit Financial Assistance Corporation (FCFAC);
   4. 4. Farm Credit System Banks (FFCB);
   5. 5. Farmers Home Administration (FmHA);
   6. 6. Federal Home Loan Banks (FHLB);
   7. 7. Federal Home Loan Mortgage (FreddieMac, FHLMC);
   8. 8. Financing Corporation (FICO);
   9. 9. Federal Land Bank Bonds (FLBB);
   10. 10. Federal National Mortgage Corporation (FannieMae, FNMA);
   11. 11. Resolution Funding Corporation (REFCO);
   12. 12. Small Business Administration (SBA);
   13. 13. Federal Deposit Insurance Corporation (FDIC);
   14. 14. Tennessee Valley Authority (TVA);
   15. 15. U.S. Postal Service (USPS).
2. B. The named agencies may issue such securities as discount notes, notes, debentures, bonds, participation certificates, mortgage-backed securities, collateralized mortgage obligations, adjustable rate mortgages, floating rate notes, and step-up notes of various maturity, call and put features. These securities issued by a named agency are illustrative only. Since agencies periodically issue a new form of security with similar guarantees, any such guaranteed security issued by a referenced agency shall be eligible for investment by the treasurer.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 49:327(B)(1)(a) and (b).

Historical Note

HISTORICAL NOTE: Promulgated by the Department of the Treasury, Office of the Treasurer, LR 15:751 (September 1989), repromulgated LR 29:192 (February 2003), amended LR 38:146 (January 2012).