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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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type, title, description, jurisdiction, corpus, kind, title_number, title_name, chapter_number, chapter_name, section, citation, status, release_point, release_date, source, source_url, source_identifier, source_file, source_hash, raw_snapshot_hash, text_hash, retrieved_at, confidence, tags
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| LegalText | 12 U.S.C. § 1435 | Obligations as lawful investments; liability of United States for debentures, etc., issued by banks | us | united_states_code | code_section | 12 | BANKS AND BANKING | 11 | FEDERAL HOME LOAN BANKS | 1435 | 12 U.S.C. § 1435 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip | /us/usc/t12/s1435 | data/legal/raw/us/code/title-12/usc12.xml | 2ae94a56c7422a978800214a2531569d1a151a2c2f920c042f9640d771d12626 | e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa | 8a1364e2f8f9c3c83c71ddb4df663de28fc4d8db9116921674140e231ea5b939 | 2026-07-04 | official |
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12 U.S.C. § 1435 - Obligations as lawful investments; liability of United States for debentures, etc., issued by banks
Text
Obligations of the Federal Home Loan Banks issued with the approval of the Board or the Director under this chapter shall be lawful investments, and may be accepted as security, for all fiduciary, trust, and public funds the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof. The Federal reserve banks are authorized to act as depositaries, custodians, and/or fiscal agents for Federal Home Loan Banks in the general performance of their powers under this chapter. All obligations of Federal Home Loan Banks shall plainly state that such obligations are not obligations of the United States and are not guaranteed by the United States.
(July 22, 1932, ch. 522, § 15, 47 Stat. 736; Pub. L. 101–73, title VII, § 701(b)(1), (3)(A), Aug. 9, 1989, 103 Stat. 412; Pub. L. 110–289, div. A, title II, § 1204(7), July 30, 2008, 122 Stat. 2786.)
Notes
Editorial Notes
Amendments2008—Pub. L. 110–289 inserted “or the Director” after “the Board”. 1989—Pub. L. 101–73 substituted “Board” for “board”.