12 C.F.R. § 150.300

Where may I deposit fiduciary funds awaiting investment or distribution?

Last amended: 2017Year: 2026Length: 55 wordsSubsections: 1Official source

Cite as 12 C.F.R. § 150.300 (2026)

(a) Self deposits. You may deposit funds of a fiduciary account that are awaiting investment or distribution in your other departments, unless prohibited by applicable law. (b) Affiliate deposits. You may also deposit funds of a fiduciary account that are awaiting investment or distribution with an affiliated insured depository institution, unless prohibited by applicable law.
12 C.F.R. § 150.300: Where may I deposit fiduciary funds awaiting investment or distribution? | Justis AI