Custody Services
Custody services provided by a bank typically include the settlement, safekeeping, and reporting of customers' marketable securities and cash. Securities lending can allow a customer to make additional income on custody assets by loaning securities to approved borrowers on a short-term basis.
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(Comptroller's Handbook, January 2002)
Addresses the fundamentals of securities custody and related services and provides examiner guidance for those activities
References
OCC Interpretive Letter 1078, "Custody Trust Ledger Deposit Account Program" (April 19, 2007)
OCC Interpretive Letter 1066, "Risk-Based Capital Treatment for Certain Securities Lending Transactions" (November 8, 2005)
OCC Interpretive Letter 1026, "Securities Conduit Lending Services" (April 27, 2005)
OCC Bulletin 2002-39, " Investment Portfolio Credit Risks: Safekeeping Arrangements " (October 16, 2002)
Banking Circular 196, "FFIEC Supervisory Policy—Securities Lending" (May 7, 1985)
Banking Circular 275, "Free Riding in Custody Accounts" (September 3, 1993)
Popular Links
OCC Chief Counsel's Interpretation on National Trust Banks (PDF)
Requests Under 716(f) of the Dodd-Frank Act
Top Tasks
Register for Monthly Schedule of Short-Term Investment Funds
Related News and Issuances
| Date | ID | Title |
|---|---|---|
| 05/20/2020 | OCC 2020-53 | Revisions to the Supplementary Leverage Ratio for Custodial Banking Organizations and Custody Banks: Final Rule |
| 04/29/2019 | OCC 2019-21 | Fiduciary Regulations; Non-Fiduciary Custody Activities: Advance Notice of Proposed Rulemaking |
| 09/01/2017 | NR 2017-101 | Agencies Issue Notice of Proposed Rulemaking to Shorten Settlement Cycle |