PART 145—FEDERAL SAVINGS ASSOCIATIONS—OPERATIONS Authority: 12 U.S.C. 1462a, 1463, 1464, 1828, 5412(b)(2)(B). Source: 76 FR 48999, Aug. 9, 2011, unless otherwise noted. § 145.1 General authority. A Federal savings association may exercise all authority granted it by the Home Owners' Loan Act of 1933 (“Act”), 12 U.S.C. 1464, as amended, and its charter and bylaws, whether or not implemented specifically by OCC regulations, subject to the limitations and interpretations contained in this part. § 145.2 [Reserved] § 145.16 Public deposits, depositaries, and fiscal agents. (a) Definitions. (1) Moneys monies (2) State law (3) Surety (4) Terms in paragraph (b) of this section have the meanings they have under applicable state law. (b) Authority to act as surety for public deposits. (2) If state law requires as a condition of such deposit or investment that the Federal savings association or its bond or security, or any combination thereof, be surety for or with respect to other deposits or instruments, whether of that depositor or investor or of any other(s), and whether in the Federal savings association or in any other institution(s) having, when the investments or deposits were made, insurance by the Federal Deposit Insurance Corporation, the same shall become, or if the state law is self-executing shall be, such surety. (c) Depositaries and fiscal agents. § 145.17 Funds transfer services. A Federal savings association is authorized to transfer, with or without fee, its customers' funds from any account (including a line of credit) of the customer at the Federal savings association or at another financial intermediary to third parties or other accounts of the customer on the customer's order or authorization by any mechanism or device, including cashier's checks, conforming with applicable laws and established commercial practices. § 145.92 Branch offices. (a) Definition. (b) Branching. (1) Section 5(r) of the HOLA (12 U.S.C. 1464(r)); (2) Section 10(e)(3) of the HOLA (12 U.S.C. 1467a(e)(3)); or (3) Section 13(k)(4) of the FDIA (12 U.S.C. 1823(k)(4)). (c) Preemption. [76 FR 48999, Aug. 9, 2011, as amended at 80 FR 28480, May 18, 2015] § 145.101 Fiscal agency. A Federal savings association designated fiscal agent by the Secretary of the Treasury or with OCC approval by another instrumentality of the United States, shall, as such, perform such reasonable duties and exercise only such powers and privileges as the Secretary of the Treasury or such instrumentality may prescribe.