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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter V - Office of Thrift Supervision, Department of the Treasury |
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Part 557 - Deposits |
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Subpart B - Deposit Activities of Federal Savings Associations |
§ 557.10 - What authorities govern the issuance of deposit accounts by a federal savings association?
Latest version.
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§ 557.10 What authorities govern the issuance of deposit accounts by a federal savings association?
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.