1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter I - COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
  4. Part 150 - FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS
  5. Subpart C - Depositing Securities With State Authorities
  6. 12 CFR § 150.510
12 CFR § 150.510
What must I do if state authorities refuse my deposit?
November 10, 2020
CFR

If state authorities refuse to accept your deposit under §150.490, you must deposit the securities with the Federal Home Loan Bank of which you are a member. The Federal Home Loan Bank will hold the securities for the protection of private or court trusts to the same extent as if the securities had been deposited with state authorities.

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§ 150.500 How much must I deposit if I administer fiduciary assets in more than one state?

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