12 CFR 1510.4
§ 1510.4 Who may act as the depositary and fiscal agent for the Funding Corporation?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1510.4, § 1510.4 Who may act as the depositary and fiscal agent for the Funding Corporation?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51189
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Full text
(a) In general, the Federal Reserve Banks. The Funding Corporation must use one or more Federal Reserve Banks as depositaries for or fiscal agents or custodians of the Funding Corporation.
(b) For administrative accounts, insured depository institutions. Subject to approval by the Secretary, the Funding Corporation may establish demand deposit accounts at one or more federally insured depository institutions for the management of funds used to pay administrative expenses.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.