Trust department definition

Trust department means that group or groups of officers and employees of a bank organized under the supervision of officers or employees to whom are designated by the board of directors the performance of the fiduciary responsibilities of the bank, whether or not the group or groups are so named; (b) Adoption of Policies and Procedures with Respect to Brokerage Placement Practices. Each state bank exercising investment discretion (as defined in Section 12 C.F.R. 12.2(c)) with respect to an account shall adopt and follow written policies and procedures intended to ensure that its brokerage placement practices comply with all applicable laws. Among other relevant matters, such written policies and procedures should address, where appropriate,

Trust department means that group or groups of officers and employees of a trust company organized under the supervision of officers or employees to whom are desig- nated by the board of directors the performance of the fidu- ciary responsibilities of the trust company, whether or not the group or groups are so named.

Trust department means a division, subdivision, department, or group of officers and employees of a state bank authorized by the board of directors of the state bank to exercise trust powers pursuant to authority of the director granted pursuant to RCW 30A.08.150 or 32.08.210, as appli- cable.

Examples of Trust department in a sentence

• As to the Fund, the Custodian shall open and maintain in its Trust department a custody account in the name of the Trust coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of such Fund which are delivered to it.

• As to the Fund, the Custodian shall open and maintain in its Trust department a custody account in the name of the Corporation coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of such Fund which are delivered to it.

• The following design criteria shall be reviewed to confirm the elevator requirements for the project: .1 Elevator Location.1 Elevators should be conveniently located in the main entrance lobby and in close proximity to the geometric centre of the building to allow balanced access to all parts of the building..2 For most projects, it is recommended that the distance from the farthest suite or room to the elevator(s) should not exceed 45 m (150ft).

• Category B includes uninsured and unregistered investments for which the securities are held by the counterparty’s Trust department or agent in the Authority’s name.

• Category C includes uninsured and unregistered investments for which securities are held by the counterparty or its Trust department but not in the Authority’s name.

More Definitions of Trust department

Trust department means that group or groups of officers and employees of a savings institution who perform fiduciary services by the savings institution.

Trust department means a permittee under both A.R.S. § 6-201 et seq. and Article 2 of this Chapter that possesses a banking permit authorizing it to engage in trust business.

Trust department means that group or groups of officers and employees of an association, or of an

Trust department means the division of a bank which has been granted trust powers by the director of finance.

Trust department means ((that)) a division,

Trust department means the trust department of Regions Bank, an Alabama-chartered bank.

Trust department means that group or groups of officers and employees of an association, or of an affiliate of an association, to whom are assigned the performance of fiduciary services by the association.