Compilation of Rules and Regulations of the State of Georgia
Department 80 - RULES OF DEPARTMENT OF BANKING AND FINANCE
Chapter 80-1 - BANKS
Subject 80-1-4 - INVESTMENT SECURITIES
Rule 80-1-4-.04 - Custody and Safekeeping
Universal Citation: GA Rules and Regs r 80-1-4-.04
Current through Rules and Regulations filed through September 23, 2024
(1) Securities may be held in physical or book entry form.
(2) Physical possession of securities shall be maintained:
(a) In the vault of the investing bank;
(b) In safekeeping at any:
1. FDIC-insured, correspondent bank or trust company;
2. Federal Reserve Bank or Federal Home Loan Bank;
3. Broker-dealer insured under the Securities Investors Protection Act provided the market value of such securities does not exceed $500,000; or
(c) As otherwise specifically approved by the department.
O.C.G.A. Sec. 7-1-61.
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