12 C.F.R. § 550.510 What must I do if State authorities refuse my deposit?
Title 12 - Banks and Banking
If State authorities refuse to accept your deposit under §550.490, you must deposit the securities with the Federal Home Loan Bank of which you are a member. The Federal Home Loan Bank will hold the securities for the protection of private or court trusts to the same extent as if the securities had been deposited with State authorities.
Title 12: Banks and Banking
PART 550—FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS
Subpart C—Depositing Securities With State Authorities
§ 550.510 What must I do if State authorities refuse my deposit?
