12 CFR § 1271.11 - Trustee powers.

---
identifier: "/us/cfr/t12/s1271.11"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1271.11 - Trustee powers."
title_number: 12
title_name: "Banks and Banking"
section_number: "1271.11"
section_name: "Trustee powers."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "D"
subchapter_name: "FEDERAL HOME LOAN BANKS"
part_number: "1271"
part_name: "MISCELLANEOUS FEDERAL HOME LOAN BANK OPERATIONS AND AUTHORITIES"
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. 1430, 1431, 1432, 1441(b)(8), (c), (j), 1442, 4511(b), 4513(a), 4526."
regulatory_source: "78 FR 2324, Jan. 11, 2013, unless otherwise noted."
cfr_part: "1271"
---


# 1271.11 Trustee powers.

A Bank may act, and make reasonable charges for doing so, as trustee of any trust affecting the business of any member or any institution or group applying for membership, if:

(a) Such trust is created or arises for the benefit of the institution or its depositors, investors, or borrowers, or for the promotion of sound and economical home financing; and

(b) In the case of applicants, the Bank ceases to act as trustee if the application is withdrawn or rejected.