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Title 12: Banks and Banking
CHAPTER V: OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY
PART 550: FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS
Subpart E: Activities Exempt From This Part
550.600 - How may funds be invested when I act in an exempt fiduciary capacity
If you act in an exempt fiduciary capacity under ? 550.580, the funds of the fiduciary account may be invested only in the following:
(a) Your accounts, deposits, obligations, or securities.
(b) Other assets as the customer may direct, provided you do not exercise any investment discretion and do not directly or indirectly provide any investment advice for the fiduciary account.
[62 FR 67703, Dec. 30, 1997, as amended at 67 FR 76299, Dec. 12, 2002]
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