OCC 97-22
Subject:  Fiduciary Activities of National Banks  Description:                       Questions and Answers 12 CFR 9 

TO:  Chief Executive Officers of National Banks, Department and
     Division Heads, and Examining Personnel


On December 30, 1996, the OCC published the final rule revising
12 CFR 9 in the Federal Register.  The rule was effective on
January 29, 1997.

The OCC has received numerous questions about the revisions to
part 9.  The attached document addresses some of the more
frequently asked questions.  The OCC will address fact specific
requests for clarification on a case-by-case basis.

For additional information, please contact Dean E. Miller, Senior
Advisor for Fiduciary Activities at (202) 874-4852 or National
Bank Examiner Laurie A. Edlund at (202) 874-3828.



                            
Leann G. Britton                                                                Julie L. Williams
  Senior Deputy Comptroller                                                              Chief Counsel
  Bank Supervision Operations
Date:  May 15, 1997

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