---
kind: "section"
citation: "12 C.F.R. § 1268.2"
title: "12"
number: "1268.2"
heading: "Authorization for acquired member assets."
url: "https://uscodex.org/cfr/12/1268.2"
---

# §1268.2. Authorization for acquired member assets.

- (a) **General.** Each Bank is authorized to invest in assets that qualify as AMA, subject to the requirements of this part and [part 1272](/cfr/12/part1272.md) of this chapter.
- (b) **Grandfathered transactions.** Notwithstanding [paragraph (a)](#a), a Bank may continue to hold as AMA assets that were previously authorized by the Federal Housing Finance Board or FHFA for purchase as AMA, provided that the assets were purchased, and continue to be held, in compliance with that authorization.

## Notes

### Authority

Authority: 12 U.S.C. 1430, 1430b, 1431, 4511, 4513, 4526.

### Source

Source: 81 FR 91688, Dec. 19, 2016, unless otherwise noted.