Revised Code of Washington - RCW Title 32 Mutual Savings Banks - Chapter 32.20 Investments

32.20.010 Definitions
The words "mutual savings bank" and "savings bank," whenever used in this chapter, shall mean a mutual savings bank organized and existing under the laws ...

32.20.020 Power to invest funds -- Restrictions
A mutual savings bank shall have the power to invest its funds in the manner set forth in chapter 32.08 RCW and in this chapter ...

32.20.030 Bonds or obligations of United States and Canada
A mutual savings bank may invest its funds in the bonds or obligations of the United States or the Dominion of Canada or those for ...

32.20.035 Investment trusts or companies
Except as may be limited by the director by rule, a mutual savings bank may invest its funds in obligations of the United States, as ...

32.20.040 Federally insured or secured loans, securities, etc
A mutual savings bank may invest its funds: (1) In such loans and advances of credit and purchases of obligations representing loans and advances of ...

32.20.045 Obligations of corporations created as federal agency or instrumentality
A mutual savings bank may invest its funds in capital stock, notes, bonds, debentures, or other such obligations of any corporation which is or hereafter ...

32.20.047 Stock of small business investment companies regulated by United States
A savings bank may purchase and hold for its own investment account stock in small business investment companies licensed and regulated by the United States, ...

32.20.050 Bonds of state of Washington and its agencies
A mutual savings bank may invest its funds in the bonds or interest bearing obligations of this state, or any agency thereof, issued pursuant to ...

32.20.060 Bonds of other states
A mutual savings bank may invest its funds in the bonds or obligations of any other state of the United States upon which there is ...

32.20.070 Bonds and warrants of counties, municipalities, etc., of Washington
A mutual savings bank may invest its funds in the valid warrants or bonds of any county, city, town, school district, port district, water-sewer district, ...

32.20.080 Municipal bonds in adjoining state
A mutual savings bank may invest its funds in the valid bonds of any incorporated city having a population in excess of three thousand inhabitants ...

32.20.090 Housing and industrial development bonds and municipal obligations in any state
A mutual savings bank may invest in housing or industrial development bonds or municipal obligations issued by a state, county, parish, borough, city, or district ...

32.20.100 Revenue bonds of certain cities in any state
A mutual savings bank may invest its funds in the water revenue or electric revenue bonds of any incorporated city situated in the United States: ...

32.20.110 District bonds secured by taxing power
A mutual savings bank may invest its funds in the bonds of any port district, sanitary district, water-sewer district, tunnel district, bridge district, flood control ...

32.20.120 Local improvement district bonds
A mutual savings bank may invest not to exceed fifteen percent of its funds in the bonds or warrants of any local improvement district of ...

32.20.130 Bonds of irrigation, diking, drainage districts
A mutual savings bank may invest not to exceed five percent of its funds in the bonds of any irrigation, diking, drainage, diking improvement, or ...

32.20.210 Obligations of International Bank for Reconstruction and Development
A mutual savings bank may invest not to exceed five percent of its funds in interest bearing obligations of the International Bank for Reconstruction and ...

32.20.215 Obligations issued or guaranteed by Inter-American Development Bank
A mutual savings bank may invest not to exceed five percent of its funds in obligations issued or guaranteed by the Inter-American Development Bank.[1963 c ...

32.20.217 Obligations of Asian Development Bank
A mutual savings bank may invest not to exceed five percent of its funds in obligations issued or guaranteed by the Asian Development Bank.[1971 ex.s. ...

32.20.219 Obligations issued or guaranteed by African Development Bank or other multilateral development bank
A mutual savings bank may invest not to exceed five percent of its funds in obligations issued or guaranteed by the African Development Bank or ...

32.20.220 Bankers' acceptances, bills of exchange, and commercial paper
A mutual savings bank may invest not to exceed twenty percent of its funds in the following: (1) Bankers' acceptances, and bills of exchange made ...

32.20.230 Notes secured by investments
A mutual savings bank may invest its funds in promissory notes payable to the order of the savings bank, secured by the pledge or assignment ...

32.20.240 Notes secured by pledge or assignment of account
A mutual savings bank may invest its funds in promissory notes made payable to the order of the savings bank, secured by the pledge or ...

32.20.253 Loans secured by real estate, mobile homes, movable buildings
A mutual savings bank may invest its funds in loans secured by real estate or on the security of mobile homes or other movable buildings ...

32.20.265 Valuation of property to be mortgaged -- Appraiser's opinion
When, under any provision of this title, a written report is required of members of the board of investment of a mutual savings bank certifying ...

32.20.280 Investments in real estate
A mutual savings bank may invest its funds in real estate as follows: (1) A tract of land whereon there is or may be erected ...

32.20.285 Investments through purchase of real estate -- Improvements
A mutual savings bank may invest its funds in such real estate, improved or unimproved, and its fixtures and equipment, as the savings bank shall ...

32.20.300 Home loan bank as depositary
See RCW 30.32.040. ...

32.20.310 Deposit of securities
A savings bank may deposit securities owned by it, for safekeeping, with any duly designated depositary for the bank's funds. The written statement of the ...

32.20.320 Investment of funds
The trustees of every savings bank shall as soon as practicable invest the moneys deposited with it in the securities prescribed in this title. The ...

32.20.330 Investments -- Loans, preferred stock, or interest-bearing obligations -- Restrictions
A mutual savings bank may invest in loans to sole proprietorships, partnerships, limited liability companies, corporations, or other entities, or in preferred stock or discounted ...

32.20.335 Investments -- Qualified thrift investments
A mutual savings bank may invest in loans or securities that are qualified thrift investments for a savings association subject to the limits specified in ...

32.20.340 Stock or bonds of federal home loan bank
See RCW 30.32.020. ...

32.20.350 Stock of federal reserve bank or Federal Deposit Insurance Corporation
See RCW 30.32.010. ...

32.20.370 Corporate bonds and other interest-bearing or discounted obligations
A mutual savings bank may invest its funds in bonds or other interest bearing or discounted obligations of corporations not otherwise eligible for investment by ...

32.20.380 Stocks, securities, of corporations not otherwise eligible for investment
A mutual savings bank may invest its funds in stocks or other securities of corporations not otherwise eligible for investment by the savings bank which ...

32.20.390 Obligations of corporations or associations federally authorized to insure or market real estate mortgages -- Loans, etc., eligible for insurance
A mutual savings bank may invest its funds: (1) In capital stock, notes, bonds, debentures, participating certificates, and other obligations of any corporation or association ...

32.20.400 Loans for home or property repairs, alterations, appliances, improvements, additions, furnishings, underground utilities, education or nonbusiness family purposes
A mutual savings bank may invest not to exceed twenty percent of its funds pursuant to this section in loans for home or property repairs, ...

32.20.410 Limitation of total investment in certain obligations
The aggregate total amount a mutual savings bank may invest in the following shall not exceed the sum of eighty-five percent of its funds and ...

32.20.415 Limitation on certain secured and unsecured loans
In addition to all other investments and loans authorized for mutual savings banks in this state, a mutual savings bank may invest not more than ...

32.20.430 Loans to banks or trust companies
A mutual savings bank may invest its funds in loans to banks or trust companies which mature on the next business day following the day ...

32.20.440 Purchase of United States securities from banks or trust companies
A mutual savings bank may invest its funds in the purchase of United States government securities from a bank or trust company, subject to the ...

32.20.445 Stock, other securities, and obligations of federally insured institutions
A savings bank may invest its funds in the stock and other securities and obligations of a savings or banking institution or holding company thereof ...

32.20.450 Low-cost housing -- Legislative finding
The legislature finds there is a shortage of adequate housing in a suitable environment in many parts of this state for people of modest means, ...

32.20.460 Low-cost housing -- Factory built housing -- Mobile homes
In addition to the portions of its funds permitted to be invested in real estate loans under RCW 32.20.410, a mutual savings bank may invest ...

32.20.470 Improvement of private land for public parks and recreation areas
Subject to the limits hereinafter set forth, a mutual savings bank may expend its funds for the improvement for public use of privately owned land ...

32.20.480 Loans or investments to provide adequate housing and environmental improvements -- Criteria -- Restrictions
Loans or investments made under *this 1973 amendatory act may provide a less than market rate of return and entail a higher degree of risk ...

32.20.500 Construction -- 1973 1st ex.s. c 31
The powers granted by *this 1973 amendatory act are in addition to and not in limitation of the powers conferred upon a mutual savings bank ...