12 C.F.R. · Banks and Banking
12 C.F.R. § 150.320

What is acceptable collateral for uninsured deposits?

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12 C.F.R. § 150.320 — What is acceptable collateral for uninsured deposits?

§ 150.320 What is acceptable collateral for uninsured deposits? Any of the following is acceptable collateral for self deposits or affiliate deposits under § 150.310: (a) Direct obligations of the United States, or other obligations fully guaranteed by the United States as to principal and interest. (b) Readily marketable securities of the classes in which state-chartered corporate fiduciaries are permitted to invest fiduciary funds under applicable state law. (c) Other readily marketable securities as the OCC may determine. (d) Surety bonds, to the extent they provide adequate security, unless prohibited by applicable law. (e) Any other assets that qualify under applicable state law as appropriate security for deposits of fiduciary funds. Restrictions on Self Dealing

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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12 C.F.R. § 150.320
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The regulatory text of 12 C.F.R. § 150.320 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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