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Trust Institutions Information
Table II. Trust Services, All FDIC-Insured Institutions and Federally Chartered Trust Companies |
December 31, 2005 |
Asset Size Distribution |
Charter Type |
Less than $100 Million |
$100 Million to $1 Billion |
$1 Billion to $10 Billion |
Greater than $10 Billion |
Commercial Banks |
Savings Institutions |
Nondeposit Trust Companies |
(dollar figures in millions) |
Number of institutions reporting |
3,943 |
4,354 |
518 |
118 |
7,527 |
1,306 |
88 |
Number of institutions with fiduciary powers |
725 |
1,466 |
321 |
88 |
2,311 |
203 |
86 |
Number of institutions exercising fiduciary powers |
491 |
1,114 |
266 |
79 |
1,708 |
158 |
84 |
Number of institutions reporting fiduciary activity |
468 |
1,069 |
259 |
77 |
1,643 |
149 |
81 |
Fiduciary and related assets -- managed assets |
Personal trust and agency accounts: |
69,223 |
71,804 |
156,890 |
501,937 |
706,510 |
28,918 |
64,426 |
Noninterest-bearing deposits |
171 |
184 |
33 |
110 |
336 |
28 |
134 |
Interest-bearing deposits |
769 |
2,380 |
2,091 |
3,288 |
7,728 |
272 |
529 |
U.S. Treasury and U.S. Government agency obligations |
5,416 |
5,105 |
8,732 |
19,848 |
32,233 |
2,427 |
4,441 |
State, county and municipal obligations |
4,705 |
6,899 |
16,760 |
49,695 |
70,357 |
2,948 |
4,755 |
Money market mutual funds |
2,783 |
3,419 |
7,405 |
22,190 |
31,510 |
2,128 |
2,158 |
Other short-term obligations |
1,018 |
352 |
1,422 |
6,824 |
8,486 |
109 |
1,023 |
Other notes and bonds |
3,759 |
3,052 |
4,780 |
18,814 |
25,795 |
1,464 |
3,146 |
Common and preferred stocks |
38,372 |
40,139 |
103,193 |
345,556 |
473,650 |
17,053 |
36,556 |
Real estate mortgages |
126 |
252 |
240 |
963 |
1,447 |
32 |
102 |
Real estate |
1,833 |
4,226 |
5,891 |
19,182 |
28,621 |
1,086 |
1,425 |
Miscellaneous assets |
10,259 |
5,608 |
6,342 |
15,467 |
26,202 |
1,316 |
10,158 |
Retirement related trust and agency accounts: |
Employee benefit -- defined contribution |
11,769 |
107,148 |
171,949 |
91,571 |
225,038 |
1,728 |
155,671 |
Employee benefit -- defined benefit |
17,819 |
53,439 |
505,303 |
930,071 |
1,065,815 |
1,217 |
439,600 |
Other retirement accounts |
6,909 |
119,085 |
29,969 |
202,793 |
245,220 |
4,257 |
109,279 |
Corporate trust and agency accounts |
175 |
83,612 |
5,130 |
35,400 |
42,411 |
199 |
81,708 |
Investment management agency accounts |
56,403 |
167,466 |
170,409 |
1,033,807 |
1,277,346 |
35,825 |
114,915 |
Other fiduciary accounts |
2,338 |
4,184 |
128,980 |
195,172 |
261,229 |
2,921 |
66,523 |
Total managed fiduciary accounts: |
Assets |
164,636 |
606,738 |
1,168,630 |
2,990,750 |
3,823,568 |
75,065 |
1,032,121 |
Number of accounts |
136,684 |
297,023 |
327,722 |
2,257,435 |
2,827,113 |
88,467 |
103,284 |
Fiduciary and related assets -- non-managed assets |
Personal trust and agency accounts |
13,305 |
25,996 |
31,364 |
235,766 |
278,588 |
8,050 |
19,793 |
Retirement related trust and agency accounts: |
Employee benefit -- defined contribution |
73,865 |
559,012 |
106,071 |
862,223 |
1,372,586 |
152,865 |
75,720 |
Employee benefit -- defined benefit |
132,494 |
173,783 |
429,394 |
3,059,536 |
3,542,198 |
25,000 |
228,009 |
Other retirement accounts |
9,100 |
528,197 |
37,331 |
1,538,866 |
2,103,917 |
3,293 |
6,284 |
Corporate trust and agency accounts |
10,917 |
342,093 |
70,498 |
2,284,925 |
2,567,019 |
209 |
141,207 |
Other fiduciary accounts |
34,518 |
4,270 |
205,560 |
2,365,705 |
2,579,115 |
360 |
30,579 |
Total non-managed fiduciary accounts: |
Assets |
274,199 |
1,633,351 |
880,220 |
10,347,022 |
12,443,422 |
189,776 |
501,593 |
Number of accounts |
108,258 |
10,957,838 |
423,733 |
4,248,263 |
15,444 |
252 |
42 |
Custody and safekeeping accounts: |
Assets |
451,567 |
1,145,738 |
31,888,476 |
34,714,673 |
36,379,623 |
419,385 |
31,401,447 |
Number of accounts |
918,121 |
9,556,751 |
320,983 |
1,145,534 |
5,677,620 |
5,835,790 |
427,979 |
Fiduciary and related services income |
Personal trust and agency accounts |
410 |
432 |
1,037 |
3,734 |
4,990 |
250 |
374 |
Retirement related trust and agency accounts: |
Employee benefit - defined contribution |
115 |
360 |
163 |
695 |
1,143 |
43 |
147 |
Employee benefit - defined benefit |
100 |
419 |
743 |
1,321 |
1,766 |
12 |
805 |
Other retirement accounts |
55 |
182 |
166 |
500 |
725 |
28 |
151 |
Corporate trust and agency accounts |
123 |
357 |
87 |
1,521 |
1,875 |
2 |
210 |
Investment management agency accounts |
204 |
453 |
779 |
2,365 |
3,417 |
138 |
247 |
Other fiduciary accounts |
18 |
29 |
364 |
1,122 |
1,340 |
9 |
184 |
Custody and safekeeping accounts |
202 |
554 |
568 |
6,215 |
6,784 |
343 |
412 |
Other fiduciary and related services income |
61 |
135 |
381 |
1,276 |
1,550 |
18 |
285 |
Total gross fiduciary and related services income |
1,330 |
3,102 |
4,317 |
18,868 |
23,939 |
848 |
2,830 |
Less: Expenses |
897 |
2,122 |
3,296 |
12,444 |
16,512 |
681 |
1,566 |
Less: Net losses from fiduciary and related services |
3 |
49 |
15 |
125 |
186 |
4 |
3 |
Plus: Intracompany income credits for fiduciary & related services |
4 |
19 |
306 |
967 |
1,284 |
7 |
5 |
Net fiduciary and related services income |
405 |
839 |
950 |
7,149 |
8,309 |
167 |
867 |
Collective investment funds and common trust funds (market value) |
Domestic equity funds |
20,469 |
166,193 |
563,482 |
208,934 |
268,637 |
7,971 |
682,470 |
International/Global equity funds |
6,677 |
57,095 |
271,446 |
39,584 |
55,591 |
292 |
318,919 |
Stock/Bond blend funds |
2,681 |
10,411 |
9,833 |
65,029 |
73,838 |
428 |
13,688 |
Taxable bond funds |
8,937 |
46,661 |
118,960 |
107,575 |
135,251 |
1,315 |
145,567 |
Municipal bond funds |
517 |
50,469 |
1,782 |
8,064 |
60,280 |
36 |
516 |
Short term investments/Money market funds |
2,693 |
14,196 |
175,586 |
138,004 |
194,826 |
14 |
135,639 |
Specialty/Other funds |
7,984 |
69,902 |
4,142 |
57,368 |
91,809 |
610 |
46,977 |
Total collective investment funds |
49,958 |
414,927 |
1,145,231 |
624,559 |
880,232 |
10,667 |
1,343,776 |
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