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WAC 208-512-110

Investment securitiesPermissible investments.

(1) Permissible investments include the following investment security types, subject to specific capital limitations:
(a) Type I security, which a bank may deal in, purchase, and sell for its own account without any capital and surplus limitation.
(b) Type II security, which a bank may deal in, purchase and sell for its own account subject to a twenty percent of capital and surplus limitation, in addition to any limitation set forth in WAC 208-512-115(1).
(c) Type III security which a bank may purchase and sell for its own account with a twenty percent of capital and surplus limitation, in addition to any limitation set forth in WAC 208-512-115(1).
(d) Type IV security, which a bank may purchase and sell for its own account without any capital and surplus limitation.
(e) Type V security, which a bank may purchase and sell for its own account with a twenty-five percent of capital and surplus limitation.
(2) Any investment security held by a bank, regardless of investment security type, must be considered investment grade.
[Statutory Authority: RCW 43.320.040, 43.320.050, 30A.04.030, 30A.12.060, 30A.04.140, 30A.04.210, 30A.04.212, 30A.60.010 – [30A.60.]901, 30A.08.140, 30A.08.150, 30A.04.125 and section 939A of the Dodd-Frank Act. WSR 17-24-053, § 208-512-110, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 01-06-024, § 208-512-110, filed 2/27/01, effective 3/30/01; WSR 00-17-141, recodified as § 208-512-110, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW 30.08.140. WSR 87-20-036 (Order 70), § 50-12-110, filed 9/30/87. Statutory Authority: RCW 30.12.060. WSR 85-19-052 (Order 62), § 50-12-110, filed 9/13/85.]
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