Chap. 0114 An Act relative to limitations upon investments by savings banks in certain state, municipal or corporate interest bearing obligations made eligible for investment by action of the commissioner of banks on request of the mutual savings central fund, inc.

Be it enacted, etc., as follows:

Clause Fifteenth of section fifty-four of chapter one hundred and sixty-eight of the General Laws, as amended by section nine of chapter four hundred and thirteen of the acts of nineteen hundred and forty-one, is hereby further amended by striking out subdivision (d) and inserting in place thereof the following subdivision: -

(d) Subject to the limitations upon amounts that may be invested in obligations referred to in clauses Third, Fifth D and Sixth A, respectively, not more than five per cent of the deposits of any such bank shall be invested in the obligations made legal under subdivision (c) of this clause, nor shall more than one half of one per cent of such deposits be invested in any one such obligation.

Approved March 14, 1945.