Trust Examiner School eBook

Corporate Trust

Corporate Trust Line Sheet

Account name: Account number:

Bank name: Examiner:

Administrative Officer: Institution’s Capacity:

Exam Start Date: Reviewed as of Date:

Date of last administrative review:

Date of last investment review:

Issue Date:

Maturity Date:

Original Amount of Issue:

Amount Outstanding:

Who exercises investment authority?

Do investments conform to the indenture? Are appropriate ticklers established?

Total Assets:

Sinking fund assets (if applicable): Sinking fund requirements : Is the issue subject to the Trust Indenture Act? Provisions for default:

Documentation (if applicable) Indenture or governing instrument?

YES

NO                     

NA                     

                    

Mortgage and leases?

Supplements or amendments to original instrument?

Board resolution authorizing issue?

By-laws?

Specimen signatures? Legal counsel opinion? Perfection of collateral?

Financial statements/Other financial information? Current insurance with trustee as loss payee?

Successor trustee indemnification and certificate of amount outstanding?

Authentication and delivery of bonds?

Receipts for bonds cancelled and returned to obligor?

Destruction receipts for bonds destroyed?

Paying Agents (if applicable) Funds received from issuer before disbursement to payees?

If overdrafts allowed, is an appropriate credit review performed and are overdrafts resolved in a timely manner? If applicable, are appropriate taxes withheld from non-resident alien payees? Funds held for payment of principal, interest, or dividends can be identified or reconciled to individual payment dates?

Disbursement accounts reconciled at appropriate intervals?

Adequate controls over dormant funds? Are funds escheated as required?

1

FDIC 6350/37 (10-12)