; and (2) direct and indirect loans and loan guarantees to State and local governments and State infrastructure banks for the construction or maintenance of infrastructure projects. (b) Support for rural projects At least 7 percent of the dollar amount of loans, equity investments, and loan guarantees provided by the Bank shall be with respect to infrastructure projects in rural areas. (c) No commercial or investment banking activities The Bank shall not accept customer deposits nor engage in financial or investment banking activities such as trust management or underwriting securities. (d) Pledge and credit facilities (1) Pledge The Bank shall have the authority to pledge its loans to the discount window of the Board of Governors of the Federal Reserve System. (2) Purchase of obligations The Secretary may, subject to amounts provided in advance by appropriation Acts, purchase obligations issued by the Bank in the same manner and under the same requirements that the Secretary purchases obligations under section 306(c) of the Federal Home Loan Mortgage Corporation Act ( 12 U.S.C. 1455(c) ). (e) Leverage limitation The Bank shall seek to maintain risk-based capital at no less than 10 percent. 5. Holding Company securities (a) Equity securities (1) In general The Holding Company shall issue such equity securities as the Holding Company determines appropriate. (2) Dividends The Holding Company may make such dividend payments on the equity securities of the Holding Company as the Holding Company determines appropriate. (3) Initial issuance amount The Holding Company shall have the goal of raising $1,000,000,000 in the initial issuance of equity securities in a private placement and up to $100,000,000,000 or more of equity securities in public offerings over time, the purpose of which is to fund the Bank. (4) Restriction on voting rights Any holder of an equity security of the Holding Company that is a non-U.S. individual or entity shall have no voting rights with respect to such equity security. (b) Bonds (1) Standard