The court in its discretionmay direct that the principal of the estate or any part of it beinvested in bonds of the state of New York or of the United States, orinvested in bonds or other obligations of any county, city, town,village or school district of the state of New York, or deposited withany bank, trust company, insured savings and loan association or insuredsavings bank or insured state or federal credit union which has beendesignated as… [read post]