§ 1510.4 Who may act as the depositary and fiscal agent for the Funding Corporation?
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Title 12—Banks and Banking > CHAPTER XV—DEPARTMENT OF THE TREASURY > SUBCHAPTER B—RESOLUTION FUNDING CORPORATION > PART 1510—RESOLUTION FUNDING CORPORATION OPERATIONS
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(a) In general, the Federal Reserve Banks. The Funding Corporation must use one or more Federal Reserve Banks as depositaries for or fiscal agents or custodians of the Funding Corporation.
(b) For administrative accounts, insured depository institutions. Subject to approval by the Secretary, the Funding Corporation may establish demand deposit accounts at one or more federally insured depository institutions for the management of funds used to pay administrative expenses.
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