Trust Examiner School eBook

6. A list of committees responsible for supervision of your fiduciary activities. State purpose of committee, frequency of meetings, and name and business affiliation(s) of each member.

[Type Management Response Here]

7. Provide a list of current Board members, occupation and if retired previous occupation, date of birth, year appointed to the Board, year term expires, and the previous years compensation (Directors fees, committee fees, etc) paid by the Bank. If this is a concurrent examination with the bank – copy can be obtained from the safety and soundness examiner in charge.

[Type Management Response Here]

8. Access to the minutes of the Board of Directors and all committees involved in overseeing of the department. Include related reports and attachments. Otherwise, provide the name of an individual to contact for access. Minutes should be available from the previous examination until the most recent meeting.

[Type Management Response Here]

9. Access to policies and procedures designed to conduct fiduciary activities in accordance with applicable state law. Identify any revisions or modifications after the end of the last examination.

[Type Management Response Here]

10. A copy of your risk assessment and/or risk management program and any risk management reports prepared since the last examination. Describe your process for identifying, monitoring, and controlling significant risks faced by the department.

[Type Management Response Here]

11. Provide a copy of any communication with the Department of Labor, Securities and Exchange Commission, Internal Revenue Service or the National Association of Securities Dealers for the department, its subsidiaries or affiliates since the previous examination.

[Type Management Response Here]

12. A letter from legal counsel (internal or external) describing any threatened or pending litigation. Reference the accounts concerned, the nature of the action, the amount of potential liability, the present status, and a statement as to the probable outcome.

[Type Management Response Here]

13. A list of all third-party service providers used on a regular basis and a copy of the corresponding service agreements or contracts (e.g. investment advice, operational support, accounting systems, safekeeping of assets, pricing services, real estate management) including