NRS 673.280
Certain federal obligations are legal investments.

Any savings bank may invest its funds, or money in its custody, in the bonds of any Federal Home Loan Bank or Federal Reserve Bank, or in consolidated Federal Home Loan Bank or Federal Reserve Bank bonds, debentures or notes, or in farm loan bonds, consolidated farm loan bonds, debentures, consolidated debentures and other obligations issued by federal land banks and federal intermediate credit banks under the authority of the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as amended or supplemented, and the bonds, debentures, consolidated debentures and other obligations issued by banks for cooperatives under the authority of the Farm Credit Act, formerly 12 U.S.C. §§ 1131 to 1138e, inclusive, and the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as amended or supplemented.

Source: Section 673.280 — Certain federal obligations are legal investments., https://www.leg.state.nv.us/NRS/NRS-673.html#NRS673Sec280 (accessed May 26, 2025).

673.276
Permissible investments. 673.278
Power to make loans includes power to purchase loans and make loans upon security of other loans. 673.279
Purchases of real property contracts 673.280
Certain federal obligations are legal investments. 673.281
Restrictions on transfer or encumbrance of note and other obligations held by association. 673.300
Savings bank may become member and stockholder of Federal Home Loan Bank, borrow money and invest in bonds. 673.301
Savings bank may issue capital notes 673.302
Limitation on borrowing. 673.310
Loans and advances of credit insured by Federal Housing Administration or Department of Veterans Affairs. 673.315
Investment in Federal National Mortgage Association, Federal Home Loan Mortgage Corporation and SLM Corporation. 673.316
Additional advances or loans to borrower 673.2765
Investments in certain related service companies, operating subsidiaries or financial subsidiaries. 673.2766
Investments in real property for subdivision or residential development.

May 26, 2025

§ 673.280. Certain federal obligations are legal investments.'s source at nv.us

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Nevada runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://nevada.public.law/statutes/nrs_673.280

Original Source: Section 673.280 — Certain federal obligations are legal investments., https://www.leg.state.nv.us/NRS/NRS-673.html#NRS673Sec280 (last accessed May 10, 2025).