Annual Report of Trust Assets for December 31, 1996, will
be mailed to your institution in the near future. The
report must be completed no later than February 18, 1997,
by all commercial banks, savings banks and savings associations
that have obtained approval to exercise trust powers.
Any affiliated trust companies must also complete the
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, the Office of the Comptroller
of the Currency, the Office of Thrift Supervision and
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 major change to the 1996 report is the addition
of Schedule E, Fiduciary Income Statement. This information
must be reported by (1) all trust institutions with
$100 million or more in total assets as reported on
Schedule A and (2) all nondeposit trust companies. Other
institutions are encouraged to complete Schedule E voluntarily.
Schedule E may be completed on a "best efforts" basis
for 1996 because this is the first year in which income,
expense, and loss information is being collected. Information
provided on Schedule E is confidential and is not subject
to release to the public on an individual-institution
Minor changes have been made to the report's general
instructions as well as to the specific instructions
for Schedules A and C. For ready reference, these are
shown in bold italics in the instructions accompanying
the forms. These changes were made in response to requests
for clarification of the instructions.
Schedule D should be completed only by those few institutions
that have an affiliated investment advisor. In such
cases, the affiliated investment advisors should complete
the form and return it directly to the FFIEC (not the
FDIC) at the address shown on the form. If your institution
does not have an affiliated investment advisor, do not
complete Schedule D.
Institutions required to respond to the report will
be mailed a publication entitled Trust Assets of Financial
Institutions - 1996 after the report results have been
compiled. The publication contains information on trust
assets, collective investment funds, corporate trust
activities, affiliated investment advisors, and fiduciary
For additional information, please 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 4 of the instructions.
Thank you for your cooperation.
J. Ketcha Jr.
Selected Banks, Trust Companies and Savings Associations
Note: Paper copies of FDIC financial institution letters
may be obtained through the FDIC's Public Information
Center, 801 17th Street, N.W., Room 100, Washington,
D.C. 20434 ((703) 562-2200)