12 C.F.R. PART 977—MISCELLANEOUS BANK AUTHORITIES
Title 12 - Banks and Banking
Authority: 12 U.S.C. 1422a(a)(3), 1422b(a)(1), 1431(a), 1431(e), 1432(a).
Source: 65 FR 8266, Feb. 18, 2000, unless otherwise noted.
Inter-Bank borrowing shall be through unsecured deposits bearing interest at rates negotiated between Banks. A Bank may act, and make reasonable charges for doing so, as trustee of any trust affecting the business of any member or any institution or group applying for membership or for insurance of accounts, or any group applying for a charter for a Federal Savings Association, if: (a) Such trust is created or arises for the benefit of the institution or its depositors, investors, or borrowers, or for the promotion of sound and economical home financing; and (b) In the case of applicants, the Bank ceases to act as trustee if the application is withdrawn or rejected.
Title 12: Banks and Banking
PART 977—MISCELLANEOUS BANK AUTHORITIES
Section Contents
§ 977.1 Definitions. [Reserved]
§ 977.2 Transfer of funds between Banks.
§ 977.3 Trustee powers.
§ 977.1 Definitions. [Reserved]
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§ 977.2 Transfer of funds between Banks.
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§ 977.3 Trustee powers.
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