24 CFR § 350.10 - Liability of Federal Reserve Banks as Depositories.

---
identifier: "/us/cfr/t24/s350.10"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 350.10 - Liability of Federal Reserve Banks as Depositories."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "350.10"
section_name: "Liability of Federal Reserve Banks as Depositories."
chapter_name: "GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "350"
part_name: "BOOK-ENTRY PROCEDURES"
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. 1721(g) and 1723a(a); 42 U.S.C. 3535(d)."
regulatory_source: "66 FR 44266, Aug. 22, 2001, unless otherwise noted."
cfr_part: "350"
---


# 350.10 Liability of Federal Reserve Banks as Depositories.

The Federal Reserve Banks as Depositories may rely on the information provided in a Transfer Message, and are not required to verify the information. The Federal Reserve Banks as Depositories shall not be liable for any action taken in accordance with the information set out in a Transfer Message, or evidence submitted in support thereof.