12 CFR 150.610
§ 150.610 What disclosures must I make when acting in exempt fiduciary capacities?
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 150.610, § 150.610 What disclosures must I make when acting in exempt fiduciary capacities?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43766
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Full text
(a) If you act in an exempt fiduciary capacity under § 150.580 and fiduciary investments are not limited to accounts or deposits insured by the FDIC, you must include the following language in bold type on the first page of any contract documents:
(b) Funds invested pursuant to this agreement are not insured by the FDIC merely because the trustee or custodian is a Federal savings association the accounts of which are covered by such insurance. Only investments in the accounts of a Federal savings association are insured by the FDIC, subject to its rules and regulations.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.