(a) At all times, a special purpose depository institution shall maintain unencumbered liquid assets valued at not less than one hundred percent (100%) of its depository liabilities. (b) As used in this section, "liquid assets" means: (i) United States currency held on the premises of the special purpose depository institution; (ii) United States currency held for the special purpose depository institution by a federal reserve bank or a federally insured financial institution; (iii) Investments which are highly liquid, including those specified by W.S. 13-3-202 and obligations of the United States treasury or other federal agency obligations, consistent with rules adopted by the commissioner.
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