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Electronic Code of Federal Regulations

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e-CFR Data is current as of July 18, 2014

TITLE 12—Banks and Banking

CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY

PART 150—FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS

rule
§150.10
What regulations govern the fiduciary operations of Federal savings associations?
§150.20
What are fiduciary powers?
§150.30
What fiduciary capacities does this part cover?
§150.40
When do I have investment discretion?
§150.50
What is a fiduciary account?
§150.60
What other definitions apply to this part?

Subpart A—OBTAINING FIDUCIARY POWERS

§150.70
Must I obtain OCC approval or file a notice before I exercise fiduciary powers?
§150.80
How do I obtain OCC approval?
§150.90
What information must I include in my application?
§150.100
What factors may the OCC consider in its review of my application?
§150.110
[Reserved]
§150.120
What action will the OCC take on my application?
§150.125
How do I file the notice under §150.70(c)?
rule

Subpart B—EXERCISING FIDUCIARY POWERS

§150.130
How may I conduct multi-state operations?
§150.135
How do I determine which state's laws apply to my operations?
§150.136
To what extent do state laws apply to my fiduciary operations?
§150.140
Must I adopt and follow written policies and procedures in exercising fiduciary powers?

Fiduciary Personnel and Facilities

§150.150
Who is responsible for the exercise of fiduciary powers?
§150.160
What personnel and facilities may I use to perform fiduciary services?
§150.170
May my other departments or affiliates use fiduciary personnel and facilities to perform other services?
§150.180
May I perform fiduciary services for, or purchase fiduciary services from, another association or entity?
§150.190
Must fiduciary officers and employees be bonded?

Review of a Fiduciary Account

§150.200
Must I review a prospective account before I accept it?
§150.210
Must I conduct another review of an account after I accept it?
§150.220
Are any other account reviews required?

Custody and Control of Assets

§150.230
Who must maintain custody or control of assets in a fiduciary account?
§150.240
May I hold investments of a fiduciary account off-premises?
§150.250
Must I keep fiduciary assets separate from other assets?

Investing Funds of a Fiduciary Account

§150.260
How may I invest funds of a fiduciary account?

Funds Awaiting Investment or Distribution

§150.290
What must I do with fiduciary funds awaiting investment or distribution?
§150.300
Where may I deposit fiduciary funds awaiting investment or distribution?
§150.310
What if the FDIC does not insure the deposits?
§150.320
What is acceptable collateral for uninsured deposits?

Restrictions on Self Dealing

§150.330
Are there investments in which I may not invest funds of a fiduciary account?
§150.340
May I exercise rights to purchase additional stock or fractional shares of my stock or obligations or the stock or obligations of my affiliates?
§150.350
May I lend, sell, or transfer assets of a fiduciary account if I have an interest in the transaction?
§150.360
May I make a loan to a fiduciary account that is secured by an interest in the assets of the account?
§150.370
May I sell assets or lend money between fiduciary accounts?

Compensation, Gifts, and Bequests

§150.380
May I earn compensation for acting in a fiduciary capacity?
§150.390
May my officer or employee retain compensation for acting as a co-fiduciary?
§150.400
May my fiduciary officer or employee accept a gift or bequest?

Recordkeeping Requirements

§150.410
What records must I keep?
§150.420
How long must I keep these records?
§150.430
Must I keep fiduciary records separate and distinct from other records?

Audit Requirements

§150.440
When do I have to audit my fiduciary activities?
§150.450
What standards govern the conduct of the audit?
§150.460
Who may conduct an audit?
§150.470
Who directs the conduct of the audit?
§150.480
How do I report the results of the audit?
rule

Subpart C—DEPOSITING SECURITIES WITH STATE AUTHORITIES

§150.490
When must I deposit securities with state authorities?
§150.500
How much must I deposit if I administer fiduciary assets in more than one state?
§150.510
What must I do if state authorities refuse my deposit?
rule

Subpart D—TERMINATING FIDUCIARY ACTIVITIES RECEIVERSHIP OR LIQUIDATION

§150.520
What happens if I am placed in receivership or voluntary liquidation?

Surrender of Fiduciary Powers

§150.530
How do I surrender fiduciary powers?
§150.540
When will the OCC terminate my fiduciary powers?
§150.550
May I recover my deposit from state authorities?

Revocation of Fiduciary Powers

§150.560
When may the OCC revoke my fiduciary powers?
§150.570
What procedures govern the revocation?
rule

Subpart E—ACTIVITIES EXEMPT FROM THIS PART

§150.580
When may I conduct fiduciary activities without obtaining OCC approval?
§150.590
What standards must I observe when acting in exempt fiduciary capacities?
§150.600
How may funds be invested when I act in an exempt fiduciary capacity?
§150.610
What disclosures must I make when acting in exempt fiduciary capacities?
§150.620
May I receive compensation for acting in exempt fiduciary capacities?


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