Cal. Code Regs. tit. 2 § 16002.1.1

Current through Register 2025 Notice Reg. No. 2, January 10, 2025

Section 16002.1.1 - Eligibility to Act as Agent of Depository-Requirement

Neither the Federal Home Loan Bank of San Francisco nor any trust company or bank shall act as agent of depository, nor shall any treasurer or any depository name the Federal Home Loan Bank of San Francisco or any trust company or bank to act as agent of depository, nor shall any depository place any security with the Federal Home Loan Bank of San Francisco or any trust company or bank for the purpose of securing a secured local agency deposit, unless the Federal Home Loan Bank of San Francisco or such trust company or bank, as the case may be, is eligible to act as agent of depository.

Cal. Code Regs. Tit. 2, § 16002.1.1

1. Amendment filed 7-16-80; effective thirtieth day thereafter (Register 80, No. 29).

Note: Authority cited: Section 53661, Government Code. Reference: Sections 53657 and 53661, Government Code.

1. Amendment filed 7-16-80; effective thirtieth day thereafter (Register 80, No. 29).