Regulations Governing Securities Investment of Credit Cooperatives Article 3

The aggregate amountof securities that a credit cooperative may investinaccording to Paragraph 1 of the preceding article, excluding domesticgovernment bonds, treasury bills, negotiable certificates of deposit and savings bonds issued by the Central Bank, shall not exceed 15% of the total balance of deposits received byit.The balanceof reverse repo transactions of short-term billsand bondspurchased bya credit cooperativeis excluded from the limits for securities investment set forth in the preceding paragraph, while the balanceof repo transactions of short-term billsand bonds sold by a credit cooperative shall be included.