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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 12 - Banks and Banking |
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Chapter I - Comptroller of the Currency, Department of the Treasury |
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Part 150 - Fiduciary Powers of Federal Savings Associations |
| § 150.10 - What regulations govern the fiduciary operations of Federal savings associations? |
| § 150.20 - What are fiduciary powers? |
| § 150.30 - What fiduciary capacities does this part cover? |
| § 150.40 - When do I have investment discretion? |
| § 150.50 - What is a fiduciary account? |
| § 150.60 - What other definitions apply to this part? |
| Subpart A - Obtaining Fiduciary Powers |
| § 150.70 - Must I obtain OCC approval or file a notice before I exercise fiduciary powers? |
| § 150.80 - How do I obtain OCC approval? |
| § 150.90 - What information must I include in my application? |
| § 150.100 - What factors may the OCC consider in its review of my application? |
| § 150.110 - [Reserved] |
| § 150.120 - What action will the OCC take on my application? |
| § 150.125 - How do I file the notice under 150.70(c)? |
| Subpart B - Exercising Fiduciary Powers |
| § 150.130 - How may I conduct multi-state operations? |
| § 150.135 - How do I determine which state's laws apply to my operations? |
| § 150.136 - To what extent do state laws apply to my fiduciary operations? |
| § 150.140 - Must I adopt and follow written policies and procedures in exercising fiduciary powers? |
| Fiduciary Personnel and Facilities |
| § 150.150 - Who is responsible for the exercise of fiduciary powers? |
| § 150.160 - What personnel and facilities may I use to perform fiduciary services? |
| § 150.170 - May my other departments or affiliates use fiduciary personnel and facilities to perform other services? |
| § 150.180 - May I perform fiduciary services for, or purchase fiduciary services from, another association or entity? |
| § 150.190 - Must fiduciary officers and employees be bonded? |
| Compensation, Gifts, and Bequests |
| § 150.380 - May I earn compensation for acting in a fiduciary capacity? |
| § 150.390 - May my officer or employee retain compensation for acting as a co-fiduciary? |
| § 150.400 - May my fiduciary officer or employee accept a gift or bequest? |
| Recordkeeping Requirements |
| § 150.410 - What records must I keep? |
| § 150.420 - How long must I keep these records? |
| § 150.430 - Must I keep fiduciary records separate and distinct from other records? |
| Restrictions on Self Dealing |
| § 150.330 - Are there investments in which I may not invest funds of a fiduciary account? |
| § 150.340 - May I exercise rights to purchase additional stock or fractional shares of my stock or obligations or the stock or obligations of my affiliates? |
| § 150.350 - May I lend, sell, or transfer assets of a fiduciary account if I have an interest in the transaction? |
| § 150.360 - May I make a loan to a fiduciary account that is secured by an interest in the assets of the account? |
| § 150.370 - May I sell assets or lend money between fiduciary accounts? |
| Audit Requirements |
| § 150.440 - When do I have to audit my fiduciary activities? |
| § 150.450 - What standards govern the conduct of the audit? |
| § 150.460 - Who may conduct an audit? |
| § 150.470 - Who directs the conduct of the audit? |
| § 150.480 - How do I report the results of the audit? |
| Investing Funds of a Fiduciary Account |
| § 150.260 - How may I invest funds of a fiduciary account? |
| Review of a Fiduciary Account |
| § 150.200 - Must I review a prospective account before I accept it? |
| § 150.210 - Must I conduct another review of an account after I accept it? |
| § 150.220 - Are any other account reviews required? |
| Custody and Control of Assets |
| § 150.230 - Who must maintain custody or control of assets in a fiduciary account? |
| § 150.240 - May I hold investments of a fiduciary account off-premises? |
| § 150.245 - xxx |
| § 150.250 - Must I keep fiduciary assets separate from other assets? |
| Funds Awaiting Investment or Distribution |
| § 150.290 - What must I do with fiduciary funds awaiting investment or distribution? |
| § 150.300 - Where may I deposit fiduciary funds awaiting investment or distribution? |
| § 150.310 - What if the FDIC does not insure the deposits? |
| § 150.320 - What is acceptable collateral for uninsured deposits? |
| Subpart C - Depositing Securities With State Authorities |
| § 150.490 - When must I deposit securities with state authorities? |
| § 150.500 - How much must I deposit if I administer fiduciary assets in more than one state? |
| § 150.510 - What must I do if state authorities refuse my deposit? |
| Subpart D - Terminating Fiduciary Activities Receivership or Liquidation |
| § 150.520 - What happens if I am placed in receivership or voluntary liquidation? |
| Revocation of Fiduciary Powers |
| § 150.560 - When may the OCC revoke my fiduciary powers? |
| § 150.570 - What procedures govern the revocation? |
| Surrender of Fiduciary Powers |
| § 150.530 - How do I surrender fiduciary powers? |
| § 150.540 - When will the OCC terminate my fiduciary powers? |
| § 150.550 - May I recover my deposit from state authorities? |
| Subpart E - Activities Exempt From This Part |
| § 150.580 - When may I conduct fiduciary activities without obtaining OCC approval? |
| § 150.590 - What standards must I observe when acting in exempt fiduciary capacities? |
| § 150.600 - How may funds be invested when I act in an exempt fiduciary capacity? |
| § 150.610 - What disclosures must I make when acting in exempt fiduciary capacities? |
| § 150.620 - May I receive compensation for acting in exempt fiduciary capacities? |