{"data":{"id":"us/12-cfr-1271.11","jurisdiction":"us","citation":"12 CFR 1271.11","heading":"Trustee powers.","body":"A Bank may act, and make reasonable charges for doing so, as trustee of any trust affecting the business of any member or any institution or group applying for membership, if:\n(a) Such trust is created or arises for the benefit of the institution or its depositors, investors, or borrowers, or for the promotion of sound and economical home financing; and\n(b) In the case of applicants, the Bank ceases to act as trustee if the application is withdrawn or rejected.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER D—FEDERAL HOME LOAN BANKS","PART 1271—MISCELLANEOUS FEDERAL HOME LOAN BANK OPERATIONS AND AUTHORITIES","Subpart B—Miscellaneous Bank Authorities"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"274cc14095ed643f5406ec10d5bb10ed4dc3c5cacfec3da0dabd101789542788","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1271.10","next":"us/12-cfr-1271.15"},"notice":"GroundRules: Original legal text. Not legal advice."}