(a) General. You must invest funds of a fiduciary account in a manner consistent with applicable law.
(b) Collective investment funds. (1) You may invest funds of a fiduciary account in a collective investment fund, including a collective investment fund that you have established. In establishing and administering such funds, you must comply with 12 CFR 9.18.
(1) You may invest funds of a fiduciary account in a collective investment fund, including a collective investment fund that you have established. In establishing and administering such funds, you must comply with 12 CFR 9.18.
(2) If you must file a document with the OCC under 12 CFR 9.18, the OCC may review such documents for compliance with this part and other laws and regulations.
(3) ``Bank'' and ``national bank'' as used in 12 CFR 9.18 shall be deemed to include a Federal savings association.
Funds Awaiting Investment or Distribution