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Resources for bankers

Personal Fiduciary Services

Personal fiduciary services are often referred to as private wealth management, private client services, or private banking. Banks offering these services provide a broad range of financial services to individuals, their families, and their businesses.

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Personal Fiduciary Activities (Comptroller’s Handbook, February 2015)
Provides an overview of personal fiduciary services, their associated risks, and a framework for managing them


OCC Advisory Letter 2004-9, “Electronic Record Keeping” (June 21, 2004)

OCC Bulletin 1997-22, “Fiduciary Activities of National Banks, Questions and Answers 12 CFR 9” (May 15, 1997)

OCC Bulletin 2008-10, “Fiduciary Activities of National Banks: Annual Reviews of Fiduciary Accounts Pursuant to 12 CFR 9.6(c)” (March 27, 2008)

OCC Bulletin 2010-24, “Incentive Compensation: Interagency Guidance on Sound Incentive Compensation Policies” (June 30, 2010)

OCC Bulletin 2011-12, “Sound Practices for Model Risk Management: Supervisory Guidance on Model Risk Management” (April 4, 2011)

OCC Bulletin 2013-29, “Third-Party Relationships: Risk Management Guidance” (October 30, 2013)

OCC Bulletin 2015-12, “Personal Fiduciary Activities: Revised Comptroller's Handbook Booklet” (February 10, 2015)

Related News and Issuances
Publish DateIdentifierTitle
03/18/2015  NR 2015-37, Comptroller of the Currency Issues Statement Regarding Bank Investment in the Municipal Securities Market
02/10/2015  OCC 2015-12, Personal Fiduciary Activities: Revised Comptroller's Handbook Booklet