12 CFR § 157.20

12 CFR · Banks and Banking

§ 157.20 — What records should I maintain on deposit activities?

12 CFR § 157.20

TitleTitle 12: Banks and Banking PartPart 157: Deposits

SourceeCFR (current through Apr 10, 2026)

This text of 12 C.F.R. § 157.20 (What records should I maintain on deposit activities?) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 C.F.R. § 157.20 (2026).

Text

§ 157.20 What records should I maintain on deposit activities?
You should establish and maintain deposit documentation practices and records that demonstrate that you appropriately administer and monitor deposit-related activities. Your records should adequately evidence ownership, balances, and all transactions involving each account. You may maintain records on deposit activities in any format that is consistent with standard business practices.

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§ 157.20 What records should I maintain on deposit activities?

You should establish and maintain deposit documentation practices and records that demonstrate that you appropriately administer and monitor deposit-related activities. Your records should adequately evidence ownership, balances, and all transactions involving each account. You may maintain records on deposit activities in any format that is consistent with standard business practices.