| (a) | accept deposits of money and pay interest on such deposits; |
| (b) | issue demand drafts and other kinds of remittances made payable at its own office or the offices of agencies or correspondents; |
| (c) | purchase, accept on deposit and sell gold coin or bullion; |
| (d) | purchase, sell, discount and re-discount Treasury bills of the Government; |
| (e) | purchase and sell securities of the Government or of any public authority which have been publicly offered for sale or form part of an issue which is being made to the public at the time of acquisition; |
| (f) | purchase, sell, discount and re-discount bills of exchange and promissory notes arising out of bona fide commercial transactions bearing 2 or more good signatures and maturing within 3 months (exclusive of days of grace) from the date of acquisition; |
| (g) | grant loans, advances or other credit facilities for the purposes of money market operations, on such terms and conditions as the Authority thinks fit, to such financial institutions or class of financial institutions as the Authority may from time to time determine; [24/2003 wef 01/01/2004] |
| (h) | invest in securities of the Government or of any public authority for any amount, and to mature at any time on behalf of staff and pension funds and other internal funds of the Authority; |
| (i) | acquire, hold and sell shares of any corporation set up with the approval of, or under the authority of, the Government for the purpose of promoting the development of a money market or securities market in Singapore or for the financing of economic development in Singapore; |
| (j) | purchase and sell currency, and purchase, sell, discount and re-discount bills of exchange and Treasury bills drawn in or on places outside Singapore; |
| (k) | borrow money, establish credits and give guarantees in any currency, inside and outside Singapore, on such terms and conditions as the Authority may think fit; |
| (l) | maintain accounts with central banks outside Singapore and with other banks inside and outside Singapore; |
| (m) | purchase and sell securities of, or guaranteed by, such guarantor, governments or international financial institutions as may be approved by the board, or purchase and sell securities and investments authorised by the President on the recommendation of the board; |
| (n) | act as correspondent, banker or agent for any central bank or other monetary authority and for any international bank or international monetary authority established under governmental auspices; |
| (o) | open accounts for, and accept deposits from, the Government, public authorities, companies in which the Government or a public authority has a substantial interest, and companies which are deemed to be related to those companies by virtue of section 6 of the Companies Act (Cap. 50), banks and other credit institutions in Singapore; |
| (p) | underwrite loans in which the Authority may invest; |
| (q) | undertake the issue and management of securities issued by the Government or by any public authority; |
| (qa) | form or participate in the formation of any company or in any joint venture as a shareholder or partner or in any other capacity, for purposes that are necessary or expedient for the purpose of discharging its functions or achieving its objects; and [31/2005 wef 18/10/2005] |
| (r) | do generally all such things as may be commonly done by bankers and are not inconsistent with the exercise of its powers or the discharge of its duties under this Act. [31/72; 26/84] [13/2007 wef 30/06/2007] |