Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 150  /  Sec. 150.300 Where may I deposit fiduciary funds awaiting investment

(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.