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Title 12

Displaying title 12, up to date as of 7/14/2026. Title 12 was last amended 7/09/2026.
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Title 12Banks and BankingPart / Section
Chapter IComptroller of the Currency, Department of the Treasury1 – 199
Part 150Fiduciary Powers of Federal Savings Associations150.10 – 150.620
Subpart BExercising Fiduciary Powers150.130 – 150.480
§ 150.130How may I conduct multi-state operations?
§ 150.135How do I determine which state's laws apply to my operations?
§ 150.136To what extent do state laws apply to my fiduciary operations?
§ 150.140Must I adopt and follow written policies and procedures in exercising fiduciary powers?
Fiduciary Personnel and Facilities150.150 – 150.190
§ 150.150Who is responsible for the exercise of fiduciary powers?
§ 150.160What personnel and facilities may I use to perform fiduciary services?
§ 150.170May my other departments or affiliates use fiduciary personnel and facilities to perform other services?
§ 150.180May I perform fiduciary services for, or purchase fiduciary services from, another association or entity?
§ 150.190Must fiduciary officers and employees be bonded?
Review of a Fiduciary Account150.200 – 150.220
§ 150.200Must I review a prospective account before I accept it?
§ 150.210Must I conduct another review of an account after I accept it?
§ 150.220Are any other account reviews required?
Custody and Control of Assets150.230 – 150.250
§ 150.230Who must maintain custody or control of assets in a fiduciary account?
§ 150.240May I hold investments of a fiduciary account off-premises?
§ 150.245When is a fiduciary not required to maintain custody or control of fiduciary assets?
§ 150.250Must I keep fiduciary assets separate from other assets?
Investing Funds of a Fiduciary Account150.260
§ 150.260How may I invest funds of a fiduciary account?
Funds Awaiting Investment or Distribution150.290 – 150.320
§ 150.290What must I do with fiduciary funds awaiting investment or distribution?
§ 150.300Where may I deposit fiduciary funds awaiting investment or distribution?
§ 150.310What if the FDIC does not insure the deposits?
§ 150.320What is acceptable collateral for uninsured deposits?
Restrictions on Self Dealing150.330 – 150.370
§ 150.330Are there investments in which I may not invest funds of a fiduciary account?
§ 150.340May I exercise rights to purchase additional stock or fractional shares of my stock or obligations or the stock or obligations of my affiliates?
§ 150.350May I lend, sell, or transfer assets of a fiduciary account if I have an interest in the transaction?
§ 150.360May I make a loan to a fiduciary account that is secured by an interest in the assets of the account?
§ 150.370May I sell assets or lend money between fiduciary accounts?
Compensation, Gifts, and Bequests150.380 – 150.400
§ 150.380May I earn compensation for acting in a fiduciary capacity?
§ 150.390May my officer or employee retain compensation for acting as a co-fiduciary?
§ 150.400May my fiduciary officer or employee accept a gift or bequest?
Recordkeeping Requirements150.410 – 150.430
§ 150.410What records must I keep?
§ 150.420How long must I keep these records?
§ 150.430Must I keep fiduciary records separate and distinct from other records?
Audit Requirements150.440 – 150.480
§ 150.440When do I have to audit my fiduciary activities?
§ 150.450What standards govern the conduct of the audit?
§ 150.460Who may conduct an audit?
§ 150.470Who directs the conduct of the audit?
§ 150.480How do I report the results of the audit?