1. (a) Provide a pro forma fiduciary statement of the subject institution as of the first half-year of business, as of the end of the first year of business, and as of the end of the second year of business, stating, with respect to each of the following types of fiduciary accounts, the number of such fiduciary accounts and the market value of the assets of such fiduciary accounts:

   1. (1) Court trusts.
   2. (2) Personal living trusts.
   3. (3) Employee benefit trusts.
   4. (4) Managing agency accounts.
   5. (5) Safekeeping, custodian, nonmanaging agency, and escrow accounts.
   6. (6) Corporate accounts.
   7. (7) Local agency security accounts.
   8. (8) Other fiduciary accounts.
2. (b) In case the subject institution is to be an independent trust company, provide a pro forma balance sheet of the subject institution as of the end of the first half-year of business, as of the end of the first year of business, and as of the end of the second year of business.
3. (c) In case the subject institution is to be an independent trust company, provide a pro forma statement of income and a pro forma statement of shareholders' equity of the subject institution for the first half-year of business, as of the end of the first year of business, and as of the end of the second year of business.
4. (d) In case the subject institution is to be a commercial bank with trust department, provide a pro forma statement of income of the trust department of the subject institution for the first half-year of business, for the first year of business, and for the second year of business.
5. (e) Explain the basis for the pro forma statements called for in this Section.
6. (f) State whether or not the pro forma statements called for in Subdivision (d) of this Section include adjustments for (1) charges for a pro rata portion of administrative overhead or taxes or (2) credits for deposits of fiduciary account funds with the commercial banking department of the subject institution, and, if so, describe such adjustments.

Note: Authority cited: Section 215, Financial Code. Reference: Section 360, Financial Code.

History

1. Amendment of subsections (a) and (b), repealer of subsections (b)(1)-(b)(11), amendment of subsection (c), repealer of subsections (c)(1)-(c)(10), amendment of subsection (d), repealer of subsections (d)(1)-(e)(4), subsection relettering, and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).