The attached notice of proposed rulemaking (NPRM) and advanced notice of proposed rulemaking (ANPR), both of which concern fiduciary activities of national banks, were published in the Federal Register on December 5 , 2000. Comments on the NPRM and ANPR are due February 5, 2001.

The Office of the Comptroller of the Currency requests comments on the NPRM, which would amend part 9 to codify OCC interpretations on national bank multi-state trust operations. The purpose of these changes is to provide enhanced guidance to national banks engaging in fiduciary activities. The ANPR invites comments on whether the OCC should adopt uniform standards of care generally applicable to national bank trustees' administration of private trusts and the investment of private trust property. The purpose of the ANPR is to determine whether national banks have problems administering these trusts as a result of having to comply with the standards of care in more than one state. If problems exist, the OCC invites comment on how the agency can address these problems.

For further information, contact Lisa Lintecum, Director, or Joel Miller, Senior Advisor, Asset Management, (202) 874-4447; Richard Cleva, Senior Counsel, Bank Activities and Structure, (202) 874 5300; Andra Shuster, Senior Attorney, Legislative and Regulatory Activities Division, (202) 874-5090; or William Dehnke, Assistant Director, Securities and Corporate Practices Division, (202) 874- 5210.

Julie L. Williams
First Senior Deputy Comptroller and Chief Counsel

Related Links

• 65 FR 75872