12 CFR 150.290
§ 150.290 What must I do with fiduciary funds awaiting investment or distribution?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 150.290, § 150.290 What must I do with fiduciary funds awaiting investment or distribution?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43731
- Permanent ID
ys:prov:43731@1- SHA-256
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Full text
If you have investment discretion or discretion over distributions for a fiduciary account which contains funds awaiting investment or distribution, you must ensure that those funds do not remain uninvested and undistributed any longer than is reasonable for the proper management of the account and consistent with applicable law. You also must obtain a rate of return for those funds that is consistent with applicable law.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.