North Dakota Century Code Title 6. Banks and Banking § 6-03-49. Federal housing administrator--Insured bonds and notes--Debentures--Security for deposits

Notes and bonds insured and debentures issued by the federal housing administrator are eligible as collateral to secure the deposit of public or other funds, as deposits with any public official or department, and for investment of capital, surplus, reserve, or other funds where such investment is limited to designated securities.