12 CFR § 9.6 - Review of fiduciary accounts.

---
identifier: "/us/cfr/t12/s9.6"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 9.6 - Review of fiduciary accounts."
title_number: 12
title_name: "Banks and Banking"
section_number: "9.6"
section_name: "Review of fiduciary accounts."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "9"
part_name: "FIDUCIARY ACTIVITIES OF NATIONAL BANKS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 24 (Seventh), 92a, and 93a; 15 U.S.C. 78q, 78q-1, and 78w."
regulatory_source: "61 FR 68554, Dec. 30, 1996, unless otherwise noted."
cfr_part: "9"
---


# 9.6 Review of fiduciary accounts.

(a) *Pre-acceptance review.* Before accepting a fiduciary account, a national bank shall review the prospective account to determine whether it can properly administer the account.

(b) *Initial post-acceptance review.* Upon the acceptance of a fiduciary account for which a national bank has investment discretion, the bank shall conduct a prompt review of all assets of the account to evaluate whether they are appropriate for the account.

(c) *Annual review.* At least once during every calendar year, a bank shall conduct a review of all assets of each fiduciary account for which the bank has investment discretion to evaluate whether they are appropriate, individually and collectively, for the account.