Trust Examiner School eBook

Internal Use Only

Internal Use Only

Key Takeaways The Statement of Principles of Trust Department Management (Statement of Principles) outlines the minimum requirements for sound practices in the supervision and operation of a trust department or Non-Depository Trust Company.

The adequacy of departmental staffing and organization can be evaluated during the examination by observation and interviewing of staff.

The Board has overall responsibility for the trust department/company.

The Trust Committee should consist of a least three directors, at least one of whom should not be an officer of the bank.