12 CFR § 157.10 - What authorities govern the issuance of deposit accounts by Federal savings associations?

---
identifier: "/us/cfr/t12/s157.10"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 157.10 - What authorities govern the issuance of deposit accounts by Federal savings associations?"
title_number: 12
title_name: "Banks and Banking"
section_number: "157.10"
section_name: "What authorities govern the issuance of deposit accounts by Federal savings associations?"
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "157"
part_name: "DEPOSITS"
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 49025, Aug. 9, 2011, unless otherwise noted."
cfr_part: "157"
---


# 157.10 What authorities govern the issuance of deposit accounts by Federal savings associations?

A Federal savings association (“you”) may raise funds through accounts and may issue evidence of accounts under section 5(b)(1) of the HOLA (12 U.S.C. 1464(b)(1)), your charter, and this part. Additionally, 12 CFR parts 204 and 230 apply to your deposit activities.