12 C.F.R. § 9.11
Investment of fiduciary funds
A national bank shall invest funds of a fiduciary account in a manner consistent with applicable law.
Notes of Decisions
Cited in 5
cases, 1969–2014 · leading case: Cent. Nat'l Bank of Mattoon v. United States Dep't of Treasury, 912 F.2d 897 (7th Cir. 1990).
Cent. Nat'l Bank of Mattoon v. United States Dep't of Treasury, 912 F.2d 897 (7th Cir. 1990). “We have wandered a bit afield, for the Comptroller, perhaps prudently, does not emphasize the effect of the Eagle purchase in reducing the diversification of the common trust fund.”
Zorbas v. United States Trust Co., 48 F. Supp. 3d 464 (E.D.N.Y 2014). “” 12 C.F.R. § 9.11 . . Plaintiff appears to use the term "reba-lance" throughout his briefings to refer to the act of changing the investment objective and thereby changing the asset allocation of the Investment Account.”
Nat'l Ass'n of Sec. Dealers, Inc. v. Sec. & Exch. Comm'n, 420 F.2d 83 (D.C. Cir. 1969). “§ 481 (1964), 12 C.F.R. § 9.11 (d) (1968). *87 II VALIDITY OF THE ACCOUNT UNDER THE BANKING LAWS The District Court held that the Account is unlawful on two grounds: (1) the commingled managing agency account is not a fiduciary activity within the purview of |_92a_of the Federal…”
Nat'l Ass'n of Sec. Dealers, Inc. v. Sec. & Exch. Comm'n, First Nat'l City Bank, Intervenor. First Nat'l City Bank v. Inv. Co. Inst., Comptroller of the Currency, William B. Camp v. Inv. Co. Inst., 420 F.2d 83 (1st Cir. 1970). “481 (1964), 12 C.F.R. 9.11(d) (1968). II VALIDITY OF THE ACCOUNT UNDER THE BANKING LAWS 16 The District Court held that the Account is unlawful on two grounds: (1) the commingled managing agency account is not a fiduciary activity within the purview of 92a of the Federal Reserve…”
Busby v. Worthen Bank & Trust Co., NA, 484 F. Supp. 647 (E.D. Ark. 1979). “For example, 12 C.F.R. § 9.11 (1974) requires that funds held by a bank in a fiduciary capacity be invested in accordance with the “instrument establishing the fiduciary relationship .”
— 12 C.F.R. § 9.11(d) — 1 case
Nat'l Ass'n of Sec. Dealers, Inc. v. Sec. & Exch. Comm'n, First Nat'l City Bank, Intervenor. First Nat'l City Bank v. Inv. Co. Inst., Comptroller of the Currency, William B. Camp v. Inv. Co. Inst., 420 F.2d 83 (1st Cir. 1970). “481 (1964), 12 C.F.R. 9.11(d) (1968). II VALIDITY OF THE ACCOUNT UNDER THE BANKING LAWS 16 The District Court held that the Account is unlawful on two grounds: (1) the commingled managing agency account is not a fiduciary activity within the purview of 92a of the Federal Reserve…”
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