Okla. Stat. tit. 6, § 6-410: Capital debentures - Rediscounting notes to Federal

Reserve.

A. Borrowing - Capital debentures. A bank may borrow money and

issue evidence of indebtedness and may issue convertible or

nonconvertible capital notes or debentures subject to such terms,

conditions or limitations as may be prescribed by the Board by

order, rule or regulation. Capital notes or debentures which are by

their terms expressly subordinated to the prior payment in full of

all deposit liabilities of the bank shall be considered as part of

the unimpaired capital funds of the bank for the purpose of the

computation of the bank's loan and investment limit.

B. Rediscounting notes to Federal Reserve. Any bank may

rediscount with and sell to a Federal Reserve Bank any notes,

drafts, bills of exchange, acceptances and other securities, with no

restrictions, and as fully and to the same extent as this privilege

is given to national bank members under the terms of the Federal

Reserve Act, or by regulations of the Federal Reserve Board made

pursuant thereto.