TREASURY FUNDS definition
TREASURY FUNDS means (a) any investment portfolio consisting of direct obligations of the United States Treasury Department and repurchase agreements in respect of those obligations, including any such investment portfolio maintained by the Trustee or the Bank, (b) any investment or security permitted pursuant to Section 53601 of the California Government Code, including any investment or security portfolio consisting of any one or more of such investments or securities and (c) any other investment or security permitted by law and approved by the Bank.
TREASURY FUNDS means (i) any investment portfolio consisting of direct obligations of the United States Treasury Department and repurchase agreements in respect of those obligations, including any such investment portfolio maintained by the Trustee or the Bank, (ii) any investment or security permitted pursuant to Section 53601 of the California Government Code, including any investment or security portfolio consisting of any one or more of such investments or securities and (iii) any other investment or security permitted by law and approved by the Bank.