Title 12

PART 150

Part 150 - Fiduciary Powers Of Federal Savings Associations

PART 150 - FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS Authority:12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B). Source:76 FR 49003, Aug. 9, 2011, unless otherwise noted.

12:1.0.1.1.65.0.39.1SECTION 150.10
   150.10 What regulations govern the fiduciary operations of Federal savings associations
12:1.0.1.1.65.0.39.2SECTION 150.20
   150.20 What are fiduciary powers
12:1.0.1.1.65.0.39.3SECTION 150.30
   150.30 What fiduciary capacities does this part cover
12:1.0.1.1.65.0.39.4SECTION 150.40
   150.40 When do I have investment discretion
12:1.0.1.1.65.0.39.5SECTION 150.50
   150.50 What is a fiduciary account
12:1.0.1.1.65.0.39.6SECTION 150.60
   150.60 What other definitions apply to this part
12:1.0.1.1.65.1SUBPART A
Subpart A - Obtaining Fiduciary Powers
12:1.0.1.1.65.1.39.1SECTION 150.70
   150.70 Must I obtain OCC approval or file a notice before I exercise fiduciary powers
12:1.0.1.1.65.2SUBPART B
Subpart B - Exercising Fiduciary Powers
12:1.0.1.1.65.2.39SUBJGRP 39
   Fiduciary Personnel and Facilities
12:1.0.1.1.65.2.39.1SECTION 150.130
   150.130 How may I conduct multi-state operations
12:1.0.1.1.65.2.39.2SECTION 150.135
   150.135 How do I determine which state's laws apply to my operations
12:1.0.1.1.65.2.39.3SECTION 150.136
   150.136 To what extent do state laws apply to my fiduciary operations
12:1.0.1.1.65.2.39.4SECTION 150.140
   150.140 Must I adopt and follow written policies and procedures in exercising fiduciary powers
12:1.0.1.1.65.2.39.5SECTION 150.150
   150.150 Who is responsible for the exercise of fiduciary powers
12:1.0.1.1.65.2.39.6SECTION 150.160
   150.160 What personnel and facilities may I use to perform fiduciary services
12:1.0.1.1.65.2.39.7SECTION 150.170
   150.170 May my other departments or affiliates use fiduciary personnel and facilities to perform other services
12:1.0.1.1.65.2.39.8SECTION 150.180
   150.180 May I perform fiduciary services for, or purchase fiduciary services from, another association or entity
12:1.0.1.1.65.2.39.9SECTION 150.190
   150.190 Must fiduciary officers and employees be bonded
12:1.0.1.1.65.2.40SUBJGRP 40
   Review of a Fiduciary Account
12:1.0.1.1.65.2.40.10SECTION 150.200
   150.200 Must I review a prospective account before I accept it
12:1.0.1.1.65.2.40.11SECTION 150.210
   150.210 Must I conduct another review of an account after I accept it
12:1.0.1.1.65.2.40.12SECTION 150.220
   150.220 Are any other account reviews required
12:1.0.1.1.65.2.41SUBJGRP 41
   Custody and Control of Assets
12:1.0.1.1.65.2.41.13SECTION 150.230
   150.230 Who must maintain custody or control of assets in a fiduciary account
12:1.0.1.1.65.2.41.14SECTION 150.240
   150.240 May I hold investments of a fiduciary account off-premises
12:1.0.1.1.65.2.41.15SECTION 150.245
   150.245 When is a fiduciary not required to maintain custody or control of fiduciary assets
12:1.0.1.1.65.2.41.16SECTION 150.250
   150.250 Must I keep fiduciary assets separate from other assets
12:1.0.1.1.65.2.42SUBJGRP 42
   Investing Funds of a Fiduciary Account
12:1.0.1.1.65.2.42.17SECTION 150.260
   150.260 How may I invest funds of a fiduciary account
12:1.0.1.1.65.2.43SUBJGRP 43
   Funds Awaiting Investment or Distribution
12:1.0.1.1.65.2.43.18SECTION 150.290
   150.290 What must I do with fiduciary funds awaiting investment or distribution
12:1.0.1.1.65.2.43.19SECTION 150.300
   150.300 Where may I deposit fiduciary funds awaiting investment or distribution
12:1.0.1.1.65.2.43.20SECTION 150.310
   150.310 What if the FDIC does not insure the deposits
12:1.0.1.1.65.2.43.21SECTION 150.320
   150.320 What is acceptable collateral for uninsured deposits
12:1.0.1.1.65.2.44SUBJGRP 44
   Restrictions on Self Dealing
12:1.0.1.1.65.2.44.22SECTION 150.330
   150.330 Are there investments in which I may not invest funds of a fiduciary account
12:1.0.1.1.65.2.44.23SECTION 150.340
   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
12:1.0.1.1.65.2.44.24SECTION 150.350
   150.350 May I lend, sell, or transfer assets of a fiduciary account if I have an interest in the transaction
12:1.0.1.1.65.2.44.25SECTION 150.360
   150.360 May I make a loan to a fiduciary account that is secured by an interest in the assets of the account
12:1.0.1.1.65.2.44.26SECTION 150.370
   150.370 May I sell assets or lend money between fiduciary accounts
12:1.0.1.1.65.2.45SUBJGRP 45
   Compensation, Gifts, and Bequests
12:1.0.1.1.65.2.45.27SECTION 150.380
   150.380 May I earn compensation for acting in a fiduciary capacity
12:1.0.1.1.65.2.45.28SECTION 150.390
   150.390 May my officer or employee retain compensation for acting as a co-fiduciary
12:1.0.1.1.65.2.45.29SECTION 150.400
   150.400 May my fiduciary officer or employee accept a gift or bequest
12:1.0.1.1.65.2.46SUBJGRP 46
   Recordkeeping Requirements
12:1.0.1.1.65.2.46.30SECTION 150.410
   150.410 What records must I keep
12:1.0.1.1.65.2.46.31SECTION 150.420
   150.420 How long must I keep these records
12:1.0.1.1.65.2.46.32SECTION 150.430
   150.430 Must I keep fiduciary records separate and distinct from other records
12:1.0.1.1.65.2.47SUBJGRP 47
   Audit Requirements
12:1.0.1.1.65.2.47.33SECTION 150.440
   150.440 When do I have to audit my fiduciary activities
12:1.0.1.1.65.2.47.34SECTION 150.450
   150.450 What standards govern the conduct of the audit
12:1.0.1.1.65.2.47.35SECTION 150.460
   150.460 Who may conduct an audit
12:1.0.1.1.65.2.47.36SECTION 150.470
   150.470 Who directs the conduct of the audit
12:1.0.1.1.65.2.47.37SECTION 150.480
   150.480 How do I report the results of the audit
12:1.0.1.1.65.3SUBPART C
Subpart C - Depositing Securities With State Authorities
12:1.0.1.1.65.3.48.1SECTION 150.490
   150.490 When must I deposit securities with state authorities
12:1.0.1.1.65.3.48.2SECTION 150.500
   150.500 How much must I deposit if I administer fiduciary assets in more than one state
12:1.0.1.1.65.3.48.3SECTION 150.510
   150.510 What must I do if state authorities refuse my deposit
12:1.0.1.1.65.4SUBPART D
Subpart D - Terminating Fiduciary Activities Receivership or Liquidation
12:1.0.1.1.65.4.48SUBJGRP 48
   Surrender of Fiduciary Powers
12:1.0.1.1.65.4.48.1SECTION 150.520
   150.520 What happens if I am placed in receivership or voluntary liquidation
12:1.0.1.1.65.4.48.2SECTION 150.530
   150.530 How do I surrender fiduciary powers
12:1.0.1.1.65.4.48.3SECTION 150.540
   150.540 When will the OCC terminate my fiduciary powers
12:1.0.1.1.65.4.48.4SECTION 150.550
   150.550 May I recover my deposit from state authorities
12:1.0.1.1.65.4.49SUBJGRP 49
   Revocation of Fiduciary Powers
12:1.0.1.1.65.4.49.5SECTION 150.560
   150.560 When may the OCC revoke my fiduciary powers
12:1.0.1.1.65.4.49.6SECTION 150.570
   150.570 What procedures govern the revocation
12:1.0.1.1.65.5SUBPART E
Subpart E - Activities Exempt From This Part
12:1.0.1.1.65.5.50.1SECTION 150.580
   150.580 When may I conduct fiduciary activities without obtaining OCC approval
12:1.0.1.1.65.5.50.2SECTION 150.590
   150.590 What standards must I observe when acting in exempt fiduciary capacities
12:1.0.1.1.65.5.50.3SECTION 150.600
   150.600 How may funds be invested when I act in an exempt fiduciary capacity
12:1.0.1.1.65.5.50.4SECTION 150.610
   150.610 What disclosures must I make when acting in exempt fiduciary capacities
12:1.0.1.1.65.5.50.5SECTION 150.620
   150.620 May I receive compensation for acting in exempt fiduciary capacities