Trust Examiner School eBook

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25. Monthly overdraft reports for three months preceding the examination date, indicating the accounts concerned, and the dates of overdraft inception and resolution. Explain overdrafts over 10 days that are greater than $1,000.

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26. A copy of your disaster recovery/business continuity plan (e.g. temporary location, employee contact list, supplies, and telephone lines). Include the date and results of the most recent test of the plan.

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27. Describe your web site (e.g. transactional or non-transactional, products and services offered, services offered directly or indirectly). If transactional, provide the most recent risk assessment or audit that was completed.

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28. Access to policies and procedures that have been adopted by the Board of Directors to ensure compliance with State recordkeeping and confirmation regulations for securities transactions.

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29. A list of accounts closed since the last examination. Include reason for closing if other than final distribution, grantor or beneficiary relocation, or other “normal” account termination.

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30. A list of every account that has an executed agreement but is not reflected on your trust accounting system and provide an explanation as to why it is not entered on the system.

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31. A list of your assets deposited with state authorities – if state law requires such a deposit to secure trust accounts.

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32. If you utilize self or affiliate deposits for fiduciary funds awaiting investment or distribution, provide a list of your assets serving as collateral for funds that exceed FDIC insurance. Give a market value for each security.

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