Trust Examiner School eBook

Trust Officer’s Questionnaire (Continued)

10. Describe any securities lending activities. Indicate the organization(s) to whom securities have been lent, the account(s) involved, the volume of securities lent, the nature and value of the collateral received, and describe the types of initial disclosures to and authorizations from customers, and the types of periodic disclosures provided to customers and beneficiaries.

11. List the name of any director, officer, or employee, not reported previously in writing to the North Carolina Office of the Commissioner of Banks, who has at any time been convicted of, or who is presently under indictment for, any criminal offense involving dishonesty or breach of trust. If none, so state.

12. Since the previous examination, has any director, officer, or employee of the department embezzled, abstracted, or otherwise criminally misused funds or assets of the department? If so, have all necessary reports been made to government bodies and the bank's insurance carrier?

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