Trust Examiner School - September 2023

Internal Use Only

Recordkeeping Operation of the trust department separate and apart from every other department of the bank, with trust assets separated from other assets owned by the bank, and the assets of each trust account separately from unrelated accounts

Maintain records in sufficient detail to properly reflect all activities

Account for principal and income according to the governing agreement

11

Internal Use Only

Operations, Internal Controls & Audits

Recordkeeping

Internal Routines & Controls

Audit Function

Call Reports

12