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February 2015

Personal Fiduciary Activities

This publication is part of:

Collection: Comptroller's Handbook

Series: Asset Management


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.


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 to 12 USC 3102(b) and the "Federal Branches and Agencies Supervision" booklet of the Comptroller's Handbook for more information.