First National Bank would like to make a loan to an affiliate bank. Which of the following would NOT be acceptable as collateral for such a loan?
A. U.S. Treasury bills in an amount equal to the loan
B. Stock traded on the New York Stock Exchange that has a market value equal to 130 percent of the loan amount
C. An account for the benefit of First National held at the affiliate bank in an amount equal to the loan amount
D. Eligible bankers’ acceptances with a market value equal to the loan amount 582 AMERICAN BANKERS ASSOCIATION
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