Use of Brokerage Firms as Depositories Under the Capital Construction Fund Program
other · US Department of Transportation · Published 1998-10-14 · Effective 1998-10-16 · 63 FR 55039
Document
Document number
98-27350
Federal Register citation
63 FR 55039
CFR reference
46 CFR 351
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Transportation
Publication date
1998-10-14
Effective date
1998-10-16
DOT docket
Docket No. (MARAD-98-4433)
Abstract
The Maritime Administration (MARAD) is amending its existing regulations to approve brokerage firms, under certain conditions, as acceptable depositories under the Capital Construction Fund (CCF) program. Since CCF fund holders may invest CCF funds in securities, brokerage firms should also be considered as acceptable depositories, under certain conditions.