StacksVerified U.S. regulatory reference

12 CFR §1271.11

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A Bank may act, and make reasonable charges for doing so, as trustee of any trust affecting the business of any member or any institution or group applying for membership, if:
  1. (a)Such trust is created or arises for the benefit of the institution or its depositors, investors, or borrowers, or for the promotion of sound and economical home financing; and
  2. (b)In the case of applicants, the Bank ceases to act as trustee if the application is withdrawn or rejected.