12 CFR 150.300 - Where may I deposit fiduciary funds awaiting investment or distribution?

Regulations last checked for updates: May 02, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025

View all text of Subpart B [§ 150.130 - § 150.480]

§ 150.300 - Where may I deposit fiduciary funds awaiting investment or distribution?

(a) Self deposits. You may deposit funds of a fiduciary account that are awaiting investment or distribution in your other departments, unless prohibited by applicable law.

(b) Affiliate deposits. You may also deposit funds of a fiduciary account that are awaiting investment or distribution with an affiliated insured depository institution, unless prohibited by applicable law.

authority: 12 U.S.C. 1462a,1463,1464,5412

source: 76 FR 49003, Aug. 9, 2011, unless otherwise noted.

cite as: 12 CFR 150.300