February 2015
Personal Fiduciary Activities
Series:Asset Management
OCC Bulletin 2015-12, Personal Fiduciary Activities: Revised Comptroller's Handbook Booklet
Overview
This booklet addresses personal fiduciary activities, which cover a broad spectrum of arrangements in which a bank is retained to provide investment management services, act as a trustee, or have various degrees of responsibility of an individual's or a family's assets. This booklet explains the risks associated with personal fiduciary activities and provides a framework for managing those risks.
Applicability
This booklet applies to the OCC's supervision of national banks and federal savings associations. References to national banks in this booklet also generally apply to federal branches and agencies of foreign banking organizations. Refer to12 USC 3102(b)and the "Federal Branches and Agencies Supervision" booklet of theComptroller's Handbookfor more information.