12 CFR § 150.510 - What must I do if state authorities refuse my deposit?

---
identifier: "/us/cfr/t12/s150.510"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 150.510 - What must I do if state authorities refuse my deposit?"
title_number: 12
title_name: "Banks and Banking"
section_number: "150.510"
section_name: "What must I do if state authorities refuse my deposit?"
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "150"
part_name: "FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B)."
regulatory_source: "76 FR 49003, Aug. 9, 2011, unless otherwise noted."
cfr_part: "150"
---


# 150.510 What must I do if state authorities refuse my deposit?

If state authorities refuse to accept your deposit under § 150.490, you must deposit the securities with the Federal Home Loan Bank of which you are a member. The Federal Home Loan Bank will hold the securities for the protection of private or court trusts to the same extent as if the securities had been deposited with state authorities.