12 CFR 150.300
§ 150.300 Where may I deposit fiduciary funds awaiting investment or distribution?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 150.300, § 150.300 Where may I deposit fiduciary funds awaiting investment or distribution?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43732
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.