15 U.S.C. § 687k - U.S. Code - Unannotated Title 15. Commerce and Trade § 687k. Guaranteed obligations not eligible for purchase by Federal Financing Bank

(1) any obligation the payment of principal or interest on which has at any time been guaranteed in whole or in part under this subchapter,

(2) any obligation which is an interest in any obligation described in paragraph (1), or

(3) any obligation which is secured by, or substantially all of the value of which is attributable to, any obligation described in paragraph (1) or (2).