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Extension of Corporate Powers

FDIC · interpretive · Published 2005-10-18 · Effective 2005-10-18 · 70 FR 60420

Document

Document number
05-20768
Federal Register citation
70 FR 60420
CFR reference
12 CFR 333
Type
Rule
Action
Interpretive rule; request for comments.
Category
interpretive
Agency
US Federal Deposit Insurance Corporation
Publication date
2005-10-18
Effective date
2005-10-18

Abstract

The Federal Deposit Insurance Corporation (FDIC) is amending an interpretative rule (12 CFR 333.101(b)) which states that insured State nonmember banks not exercising trust powers may offer self- directed traditional Individual Retirement and Keogh Plan accounts without the prior written consent of the FDIC. As amended, the interpretive ruling is expanded to expressly cover Coverdell Education Savings Accounts, Roth Individual Retirement Accounts, Health Savings Accounts, and other similar accounts.

Source

Authoritative
Federal Register document
Machine
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