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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 C - Deposit Activities of All Savings Associations |
§ 557.20 - What records should I maintain on deposit activities?
Latest version.
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§ 557.20 What records should I maintain on deposit activities?
All federal and state chartered savings associations (“you”) should establish and maintain deposit documentation practices and records that demonstrate that you appropriately administer and monitor deposit-related activities. Your records should adequately evidence ownership, balances, and all transactions involving each account. You may maintain records on deposit activities in any format that is consistent with standard business practices.