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Risk Management Manual of Examination Policies

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Section 17.1 - Bank of Anytown-Report of Examination

Trust Supervisory Section (Short Form)
99999

Trust Examination Data
Date of Last FDIC Examination 10/21/2002 Date of Last State Examination 11/13/2003
Date This Examination Commenced 08/01/2004 Date This Examination Completed 09/30/2004
SHARP Examination Number 67890 Total FDIC Examination Hours 24
Type of Examination (Concurrent/Joint/Independent) I
Was this examination performed in conjunction with a Commercial examination? Y
Name of State Examiner-In-Charge: N/A Total State Hours: 0

Examination Scope
A trust MERIT examination was performed. The scope included a review of policies, practices, and procedures, trust-related comments in Board minutes, the last external audit, selected accounts, compliance with applicable laws, and matters criticized at previous examinations. Account review included seven accounts.

Risk Profile
Fiduciary activities pose minimal risk to the institution. Total Trust Department assets are $3,318M held in 8 personal trust accounts, 44 burial trust accounts, and 1 farm management agency account. Department records are currently maintained manually, but Trust Officer Hancock is gradually migrating the accounts to a computerized system using Delta Data software running on a stand-alone PC.

Recommendations for Future Examinations
Recommendations parallel those shown on the Confidential Supervisory Section page.



Last Updated 02/02/2005 supervision@fdic.gov