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Inactive Financial Institution Letters 


Trust Assets

FIL-88-95
December 31, 1995
(Trust Assets Report Date)

 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: FFIEC Annual Report of Trust Assets for 1995

The Annual Report of Trust Assets must be completed by all commercial banks, savings banks and savings associations that have obtained approval to exercise trust powers. Affiliated trust companies also must complete the report. This letter is to inform you that the report will be sent to your institution under separate cover in the near future, for completion no later than February 15, 1996. No changes have been made in the report forms this year.

The FDIC collects and processes the forms on behalf of the member agencies of the Federal Financial Institutions Examination Council (FFIEC). Information collected is used in the supervision and examination of trust institutions by the Federal Reserve System, Comptroller of the Currency, Office of Thrift Supervision and the FDIC.

If your institution does not exercise its trust powers, you must indicate this in item 1 of the signature page and return only that page in the envelope provided with the report. Schedule D should be completed only by those few institutions that have an affiliated investment advisor. In such cases, the affiliated investment advisor should complete the form and return it directly to the FFIEC at the address shown on the form, not to the FDIC. If your institution does not have an affiliated investment advisor, do not complete Schedule D.

A book will be published containing information on trust assets, collective investment funds, corporate trust activities and affiliated investment advisors based on the report. Those institutions required to respond to this request will receive a copy of the book.

For more information, call the FDIC's Trust and Survey Group at 800-765-4081 or 202-898-6652, or contact your primary supervisor at the telephone number listed on page 2 of the instructions.

Thank you for your cooperation.

Nicholas J. Ketcha Jr.
Director

Enclosures

Distribution: Selected Banks, Trust Companies and Savings Associations

Last Updated 07/16/1999 communications@fdic.gov