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#150018 - 01/14/04 08:46 PM Trust Department
Anonymous
Unregistered

Our bank has a small trust department. We need to start a Trust Audit Committee & I was hoping that someone could direct me to a starting point or resources to get me started. Thanks for your help.

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Audit
#150019 - 01/14/04 10:10 PM Re: Trust Department
Anonymous
Unregistered

One good resource is the FDIC Trust Examination Manual -- www.fdic.gov/regulations/trust

Good reading to familarize you with expectations of fiduciary(duties of Directors, How the department should be organized, etc.)

Good luck.


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#150020 - 01/16/04 03:01 PM Re: Trust Department
Anonymous
Unregistered

Be careful if you are a national bank then your audit committee and trust committee of the board may NOT have ANY overlapping members as it is a violation of Reg 9.

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