The Act authorizes each bank of the System, subject to the collateral requirements of section 4.3(c) of the Act, to issue:
Notes, bonds, debentures, or other similar obligations;
Consolidated obligations, together with any or all banks organized and operating under the same title of the Act;
Systemwide obligations, together with other banks of the System; and
Investment bonds to the authorized purchasers subject to the limitations contained in the regulations set forth in subpart D.
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