12 CFR 9.8 - Recordkeeping.

Regulations last checked for updates: May 17, 2024

Title 12 - Banks and Banking last revised: May 14, 2024

View all text of Part 9 [§ 9.1 - § 9.101]

§ 9.8 - Recordkeeping.

(a) Documentation of accounts. A national bank shall adequately document the establishment and termination of each fiduciary account and shall maintain adequate records for all fiduciary accounts.

(b) Retention of records. A national bank shall retain records described in paragraph (a) of this section for a period of three years from the later of the termination of the account or the termination of any litigation relating to the account.

(c) Separation of records. A national bank shall ensure that records described in paragraph (a) of this section are separate and distinct from other records of the bank.

authority: 12 U.S.C. 24 (Seventh), 92a, and 93a; 15 U.S.C. 78q,78q,and

source: 61 FR 68554, Dec. 30, 1996, unless otherwise noted.

cite as: 12 CFR 9.8