Trustee role under a separate trust agreement/FDIC

[Guest Mbrockway]

FDIC is auditing a Trust Dept. Has anyone been through this? I'm trying to determine what they may be looking for. I don't want to instruct my client to overkill them with information - but at the same time, I don't want their rating with the FDIC to be impacted by not supplying enough.

[Guest halka]

FDIC auditing a Trust Dept ?? Generally, FDIC is to Trust Depts. of FDIC insured non-national banks what OCC is to national banks. FDIC has regulatory oversight and its rules are essentially identical to those of OCC. If that's not your situation, seems like exam would relate to use of bank deposits products and how they are structured, collateralized, or brokered.