---
kind: "section"
citation: "12 C.F.R. § 150.490"
title: "12"
number: "150.490"
heading: "When must I deposit securities with state authorities?"
url: "https://uscodex.org/cfr/12/150.490"
---

# §150.490. When must I deposit securities with state authorities?


You must deposit securities with a state's authorities or, if applicable, a Federal Home Loan Bank under [§ 150.510](/cfr/12/150.510.md), if you meet all of the following:

- (a) **You are located in the state.**
- (b) **You act as a private or court-appointed trustee.**
- (c) The law of the state requires corporations acting in a fiduciary capacity to deposit securities with state authorities for the protection of private or court trusts.

## Notes

### Authority

Authority: 12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B).

### Source

Source: 76 FR 49003, Aug. 9, 2011, unless otherwise noted.