State of Kansas
State Bank Commissioner
Special Order 1976-1
This Approval issued this 20th day of December, 1976, by the State Bank Commissioner with the prior approval of the State Banking Board.
Whereas, application has been made to the State Bank Commissioner for the approval of bonds issued by a foreign nation as an investment for state banks; and,
Whereas, the State Bank Commissioner has heretofore defined investment securities by Regulation 17-11-1, etc.; and,
Whereas, national banks are allowed to invest a limited amount of money in foreign bonds.
Now therefore, it is hereby Ordered by the State Bank Commissioner with the approval of the State Banking Board that any state bank may invest not to exceed one percent (1%) of its capital and surplus in foreign bonds, provided, such bonds comply with the form and definition of Investment Securities.
This approval is to take effect December 20, 1976.
It is so ordered.
State Bank Commissioner
Emery E. Fager
