Common Trust Funds--overlapping Responsibility and Conflict in Regulation: Hearing ..., 88-1, May 20, 19631963 - 186 páginas |
Términos y frases comunes
administrator advertising American Bankers Association application assets audit authority bank as fiduciary board of directors BUEK CARY Chairman charge collective investment fund Commission committee common trust fund Comptroller consolidation or merger CONWILL court Currency deposit employees executor exemption exercise fiduciary powers FASCELL Federal Reserve Federal Reserve Board Federal Reserve System fiduciary capacity fiduciary purposes funds held guardian HOGUET holders income individual insurance company interest Internal Revenue Code Investment Company Act investment of funds investor involved issued issuer jurisdiction managing agency accounts MATAN McCLORY ment mutual funds national bank national bank acting officers operation participation payments pension percent period permit pooled proposed provisions Prudential public offering purchase question registration regulation 9 regulatory responsibility revision SAXON Section Securities Act self-employed shareholders Smathers-Keogh statute tion trust company trust department trust institutions trust powers Valic variable annuity contracts
Pasajes populares
Página 40 - ... security" or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.
Página 148 - common trust fund" means a fund maintained by a bank (as defined in section 104) — (1) exclusively for 'the collective investment and reinvestment of moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian; and...
Página 41 - ... issuer' means the person or persons performing the acts and assuming the duties of depositor or manager pursuant to the provisions of the trust or other agreement or instrument under which such securities are issued...
Página 88 - If for any reason an investment is withdrawn in kind from a collective investment fund for the benefit of all participants in the fund at the time of such withdrawal and such investment is not distributed ratably in kind, it shall be segregated and administered or realized upon for the benefit ratably of all participants in the collective investment fund at the time of withdrawal. (8...
Página 135 - ... necessary or appropriate in the public interest and consistent with the protection of investors and the purposes fairly intended by the policy and provisions of this title.
Página 83 - Whenever member banks are required to obtain reports from affiliates, or whenever affiliates of member banks are required to submit to examination, the Board of Governors of the Federal Reserve System or the Comptroller of the Currency, as the case may be...
Página 40 - security' means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement...
Página 87 - Board of Governors of the Federal Reserve System or the Comptroller of the Currency pertaining to the collective investment of trust funds by national banks.
Página 87 - Fund administered by a bank shall be established and maintained in accordance with a written plan (referred to herein as the Plan ) approved by a resolution of the bank's board of directors and approved in writing by competent legal counsel.
Página 91 - ... in conformity with the rules and regulations of the Board of Governors of the Federal Reserve System...