---
urn: urn:us-la:rs:6:318
citation: "R.S. 6:318"
status: active
breadcrumb: "Title 6 › Chapter 3 › Part XI"
acts_citations:
  - { year: 2000, number: 27, section: 1, effective_date: 2000-04-14, role: enactment }
---

# Letters of credit; use by banks

In addition to other collateral for public funds deposits authorized by law, banks may also use letters of credit issued by the Federal Home Loan Bank.