PARRIS N. GLENDENING, Governor                             Ch. 679

[(5)] (V) Loans insured under Title I of the National Housing Act by the
Federal Housing Administration;

[(6)] (VI) Common trust investments authorized by the Commissioner;

[(7)] (VII) Prepaid expenses;

[(8)] (VIII) Accrued interest on any of the investments listed in this
[subsection] PARAGRAPH;

[(9) Furniture and equipment; and

(10) Real property.]

(IX) LOANS TO OTHER CREDIT UNIONS THAT HAVE A REMAINING
MATURITY OF 5 YEARS OR LESS;

(X) LOANS THAT HAVE A REMAINING MATURITY OF 3 YEARS OR
LESS AND ARE FULLY INSURED OR GUARANTEED BY THE FEDERAL OR A STATE
GOVERNMENT OR ANY AGENCY OF THE FEDERAL OR A STATE GOVERNMENT;

(XI) DEPOSITS AND SHARES IN A CORPORATE CREDIT UNION THAT
HAVE A REMAINING MATURITY OF 5 YEARS OR LESS, OTHER THAN MEMBERSHIP
CAPITAL SHARE DEPOSIT ACCOUNTS AS DEFINED IN 12 C. F. R. § 704;

(XII) LOANS THAT ARE FULLY SECURED BY A PLEDGE OF SHARES IN
THE LENDING CREDIT UNION, EQUAL TO AND MAINTAINED AT AN AMOUNT THAT IS
AT LEAST THE AMOUNT OF THE LOAN OUTSTANDING;

(XIII)LOANS THAT ARE PURCHASED FROM LIQUIDATING CREDIT
UNIONS AND GUARANTEED BY ANY INSURER OF SHARES OR DEPOSITS;

(XIV) NATIONAL CREDIT UNION SHARE INSURANCE FUND
GUARANTY ACCOUNTS ESTABLISHED WITH THE AUTHORIZATION OF THE
NATIONAL CREDIT UNION ADMINISTRATION UNDER THE AUTHORITY OF § 208(A)(1)
OF THE FEDERAL CREDIT UNION ACT;

(XV)  INVESTMENTS IN SHARES OF THE NATIONAL CREDIT UNION
ADMINISTRATION CENTRAL LIQUIDITY FACILITY;

(XVI) ASSETS INCLUDED IN ITEMS (IX) AND (XI) OF THIS PARAGRAPH
THAT HAVE MATURITIES GREATER THAN 5 YEARS IF:

1. THE ASSET IS BEING CARRIED ON THE CREDIT UNION'S
RECORDS AT THE LOWER OF COST OR MARKET, OR IS BEING MARKED TO MARKET
VALUE MONTHLY; OR

2. A. THE INTEREST RATE IS RESET AT LEAST ANNUALLY;

B. THE INTEREST RATE OF THE INSTRUMENT IS LESS THAN
THE MAXIMUM ALLOWABLE INTEREST RATE FOR THE INSTRUMENT ON THE DATE
OF THE REQUIRED RESERVE TRANSFER; AND

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