Same: Bank Deposits; Other Cash Equivalents

(a)Interest-bearing time deposits, demand deposits, and cash sweep deposit accounts in banks organized under the laws of the United States, or any state or territory thereof; provided, that said bank:

(1)has Tier 1 capital in excess of One Billion Dollars ($1,000,000,000); and

(2)is a member of the Federal Reserve System; and

(3)together with any predecessors, have been conducting a banking business for a continuous period of ten

(10)or more years; or CH. 8 RETIREMENT OF PUBLIC EMPLOYEES

(4)any bank or savings and loan association chartered in Guam, and a member of the Federal Deposit Insurance Corporation or the Federal Home Loan Bank System.

(b)Cash equivalents purchased in investment funds authorized under § 8158 or in exchange-traded funds authorized under § 8158.1; in amounts and for durations approved by the Board in connection with the management of uninvested cash balances; such purchases shall be excluded from limitations of § 8158(e) and § 8158.1(b).