Title 12, Part 150 — Fiduciary Powers of Federal Savings Associations
58 sections
Section 150.10
What regulations govern the fiduciary operations of Federal savings associations?
Section 150.20
What are fiduciary powers?
Section 150.30
What fiduciary capacities does this part cover?
Section 150.40
When do I have investment discretion?
Section 150.50
What is a fiduciary account?
Section 150.60
What other definitions apply to this part?
Section 150.70
Must I obtain OCC approval or file a notice before I exercise fiduciary powers?
Section 150.130
How may I conduct multi-state operations?
Section 150.135
How do I determine which state's laws apply to my operations?
Section 150.136
To what extent do state laws apply to my fiduciary operations?
Section 150.140
Must I adopt and follow written policies and procedures in exercising fiduciary powers?
Section 150.150
Who is responsible for the exercise of fiduciary powers?
Section 150.160
What personnel and facilities may I use to perform fiduciary services?
Section 150.170
May my other departments or affiliates use fiduciary personnel and facilities to perform other services?
Section 150.180
May I perform fiduciary services for, or purchase fiduciary services from, another association or entity?
Section 150.190
Must fiduciary officers and employees be bonded?
Section 150.200
Must I review a prospective account before I accept it?
Section 150.210
Must I conduct another review of an account after I accept it?
Section 150.220
Are any other account reviews required?
Section 150.230
Who must maintain custody or control of assets in a fiduciary account?
Section 150.240
May I hold investments of a fiduciary account off-premises?
Section 150.245
When is a fiduciary not required to maintain custody or control of fiduciary assets?
Section 150.250
Must I keep fiduciary assets separate from other assets?
Section 150.260
How may I invest funds of a fiduciary account?
Section 150.290
What must I do with fiduciary funds awaiting investment or distribution?
Section 150.300
Where may I deposit fiduciary funds awaiting investment or distribution?
Section 150.310
What if the FDIC does not insure the deposits?
Section 150.320
What is acceptable collateral for uninsured deposits?
Section 150.330
Are there investments in which I may not invest funds of a fiduciary account?
Section 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?
Section 150.350
May I lend, sell, or transfer assets of a fiduciary account if I have an interest in the transaction?
Section 150.360
May I make a loan to a fiduciary account that is secured by an interest in the assets of the account?
Section 150.370
May I sell assets or lend money between fiduciary accounts?
Section 150.380
May I earn compensation for acting in a fiduciary capacity?
Section 150.390
May my officer or employee retain compensation for acting as a co-fiduciary?
Section 150.400
May my fiduciary officer or employee accept a gift or bequest?
Section 150.410
What records must I keep?
Section 150.420
How long must I keep these records?
Section 150.430
Must I keep fiduciary records separate and distinct from other records?
Section 150.440
When do I have to audit my fiduciary activities?
Section 150.450
What standards govern the conduct of the audit?
Section 150.460
Who may conduct an audit?
Section 150.470
Who directs the conduct of the audit?
Section 150.480
How do I report the results of the audit?
Section 150.490
When must I deposit securities with state authorities?
Section 150.500
How much must I deposit if I administer fiduciary assets in more than one state?
Section 150.510
What must I do if state authorities refuse my deposit?
Section 150.520
What happens if I am placed in receivership or voluntary liquidation?
Section 150.530
How do I surrender fiduciary powers?
Section 150.540
When will the OCC terminate my fiduciary powers?
Section 150.550
May I recover my deposit from state authorities?
Section 150.560
When may the OCC revoke my fiduciary powers?
Section 150.570
What procedures govern the revocation?
Section 150.580
When may I conduct fiduciary activities without obtaining OCC approval?
Section 150.590
What standards must I observe when acting in exempt fiduciary capacities?
Section 150.600
How may funds be invested when I act in an exempt fiduciary capacity?
Section 150.610
What disclosures must I make when acting in exempt fiduciary capacities?
Section 150.620
May I receive compensation for acting in exempt fiduciary capacities?