# Extension of Corporate Powers
> **US Federal Deposit Insurance Corporation** · Interpretive rule; request for comments. · Published 2005-10-18 · Effective 2005-10-18 · 70 FR 60420
## Document
- **Document number:** 05-20768
- **Category:** interpretive
- **Agency:** US Federal Deposit Insurance Corporation
- **Federal Register citation:** 70 FR 60420
- **CFR reference:** 12 CFR 333
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2005/10/18/05-20768/extension-of-corporate-powers)
---
*AI Analytics · CC0 1.0*