### Question
Can you define what qualified Canadian government obligations means?


### Answer
**Qualified Canadian government obligations** is defined as the following in *12 U.S.C. § 24*:

> any debt obligation which is backed by Canada, any Province of Canada, or any political subdivision of any such Province to a degree which is comparable to the liability of the United States, any State, or any political subdivision thereof for any obligation which is backed by the full faith and credit of the United States, such State, or such political subdivision, and such term includes any debt obligation of any agent of Canada or any such Province or any political subdivision of such Province if—


(A) the obligation of the agent is assumed in such agent's capacity as agent for Canada or such Province or such political subdivision

#### Citation:
  - *12 U.S.C. § 24*
  - Heading: **CHAPTER 2-NATIONAL BANKS > SUBCHAPTER I-ORGANIZATION AND GENERAL PROVISIONS**

