12 CFR § 1510.4 - Who may act as the depositary and fiscal agent for the Funding Corporation?

---
identifier: "/us/cfr/t12/s1510.4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1510.4 - Who may act as the depositary and fiscal agent for the Funding Corporation?"
title_number: 12
title_name: "Banks and Banking"
section_number: "1510.4"
section_name: "Who may act as the depositary and fiscal agent for the Funding Corporation?"
chapter_name: "DEPARTMENT OF THE TREASURY"
subchapter_number: "B"
subchapter_name: "RESOLUTION FUNDING CORPORATION"
part_number: "1510"
part_name: "RESOLUTION FUNDING CORPORATION OPERATIONS"
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. 1441b; Sec. 14(d), Pub. L. 105-216, 112 Stat. 910."
regulatory_source: "65 FR 12069, Mar. 8, 2000, unless otherwise noted."
cfr_part: "1510"
---


# 1510.4 Who may act as the depositary and fiscal agent for the Funding Corporation?

(a) *In general, the Federal Reserve Banks.* The Funding Corporation must use one or more Federal Reserve Banks as depositaries for or fiscal agents or custodians of the Funding Corporation.

(b) *For administrative accounts, insured depository institutions.* Subject to approval by the Secretary, the Funding Corporation may establish demand deposit accounts at one or more federally insured depository institutions for the management of funds used to pay administrative expenses.