Home/CFR/Title 12/Part 150
FEDERAL · 12 CFR

Part 150 — Fiduciary Powers of Federal Savings Associations

58 sections · Title 12: Banks and Banking

§ 150.10What regulations govern the fiduciary operations of Federal savings associations?
§ 150.20What are fiduciary powers?
§ 150.30What fiduciary capacities does this part cover?
§ 150.40When do I have investment discretion?
§ 150.50What is a fiduciary account?
§ 150.60What other definitions apply to this part?
§ 150.70Must I obtain OCC approval or file a notice before I exercise fiduciary powers?
§ 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?
§ 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?
§ 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?
§ 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?
§ 150.260How may I invest funds of a fiduciary account?
§ 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?
§ 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?
§ 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?
§ 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?
§ 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?
§ 150.490When must I deposit securities with state authorities?
§ 150.500How much must I deposit if I administer fiduciary assets in more than one state?
§ 150.510What must I do if state authorities refuse my deposit?
§ 150.520What happens if I am placed in receivership or voluntary liquidation?
§ 150.530How do I surrender fiduciary powers?
§ 150.540When will the OCC terminate my fiduciary powers?
§ 150.550May I recover my deposit from state authorities?
§ 150.560When may the OCC revoke my fiduciary powers?
§ 150.570What procedures govern the revocation?
§ 150.580When may I conduct fiduciary activities without obtaining OCC approval?
§ 150.590What standards must I observe when acting in exempt fiduciary capacities?
§ 150.600How may funds be invested when I act in an exempt fiduciary capacity?
§ 150.610What disclosures must I make when acting in exempt fiduciary capacities?
§ 150.620May I receive compensation for acting in exempt fiduciary capacities?