3. The general fund is a pooled fund in which the Fund may receive participation deposits from those of its depositors who are empowered to deposit moneys with the Fund pursuant to section 18 of the Act.
The general fund is a fund whose investments are diversified; it comprises all types or categories of assets and investments.
The general fund carries on cash flow activities for the purposes of the activities and operations of the Fund.
The general fund receives demand and term deposits from all depositors with the Fund, as well as from other funds, specialized portfolios and subsidiaries of the Fund.
The general fund may also hold other elements of assets benefiting all depositors.
Operating and administrative costs of all funds and portfolios are first accounted for in the general fund before the board of directors approves their distribution to the funds and portfolios.