|
Trust Institutions Information
Table I. Trust Services, All FDIC-Insured Institutions and Federally Chartered Trust Companies |
December 31, 2005 |
All Insured Institutions & Trust Companies |
Dec 31 2005 |
Dec 31 2004 |
Dec 31 2003 |
Dec 31 2002 |
% Change 2004 - 05 |
% Change 2003 - 04 |
% Change 2002 - 03 |
(dollar figures in millions) |
Number of institutions reporting |
8,832 |
8,976 |
9,181 |
9,354 |
-1.6% |
-2.2% |
-1.8% |
Number of institutions with fiduciary powers |
2,600 |
2,661 |
2,723 |
2,785 |
-2.3% |
-2.3% |
-2.2% |
Number of institutions exercising fiduciary powers |
1,950 |
1,981 |
2,039 |
2,109 |
-1.6% |
-2.8% |
-3.3% |
Number of institutions reporting fiduciary activity |
1,873 |
1,903 |
1,962 |
2,009 |
-1.6% |
-3.0% |
-2.3% |
Fiduciary and related assets -- managed assets |
Personal trust and agency accounts: |
799,854 |
805,500 |
795,779 |
709,983 |
-0.7% |
1.2% |
12.1% |
Noninterest-bearing deposits |
498 |
662 |
321 |
-141 |
-24.8% |
106.2% |
-328.4% |
Interest-bearing deposits |
8,529 |
8,000 |
16,445 |
8,998 |
6.6% |
-51.4% |
82.8% |
U.S. Treasury and U.S. Government agency obligations |
39,100 |
38,783 |
39,652 |
42,035 |
0.8% |
-2.2% |
-5.7% |
State, county and municipal obligations |
78,059 |
82,748 |
84,597 |
88,125 |
-5.7% |
-2.2% |
-4.0% |
Money market mutual funds |
35,796 |
35,595 |
38,266 |
43,864 |
0.6% |
-7.0% |
-12.8% |
Other short-term obligations |
9,617 |
7,963 |
9,152 |
9,253 |
20.8% |
-13.0% |
-1.1% |
Other notes and bonds |
30,405 |
34,644 |
36,969 |
32,680 |
-12.2% |
-6.3% |
13.1% |
Common and preferred stocks |
527,259 |
531,775 |
509,294 |
434,668 |
-0.8% |
4.4% |
17.2% |
Real estate mortgages |
1,580 |
1,630 |
1,523 |
1,840 |
-3.1% |
7.1% |
-17.2% |
Real estate |
31,132 |
28,113 |
27,495 |
26,167 |
10.7% |
2.2% |
5.1% |
Miscellaneous assets |
37,676 |
35,588 |
32,066 |
22,381 |
5.9% |
11.0% |
43.3% |
Retirement related trust and agency accounts: |
Employee benefit -- defined contribution |
382,437 |
341,900 |
321,344 |
326,022 |
11.9% |
6.4% |
-1.4% |
Employee benefit -- defined benefit |
1,506,632 |
1,487,869 |
1,353,510 |
1,015,362 |
1.3% |
9.9% |
33.3% |
Other retirement accounts |
358,755 |
357,935 |
303,750 |
141,501 |
0.2% |
17.8% |
114.7% |
Corporate trust and agency accounts |
124,317 |
93,972 |
91,052 |
24,976 |
32.3% |
3.2% |
264.6% |
Investment management agency accounts |
1,428,085 |
1,387,373 |
1,208,915 |
975,055 |
2.9% |
14.8% |
24.0% |
Other fiduciary accounts |
330,673 |
265,327 |
236,948 |
212,104 |
24.6% |
12.0% |
11.7% |
Total managed fiduciary accounts: |
Assets |
4,930,754 |
4,739,877 |
4,311,299 |
3,405,003 |
4.0% |
9.9% |
26.6% |
Number of accounts |
3,018,864 |
4,098,163 |
4,498,787 |
4,599,208 |
-26.3% |
-8.9% |
-2.2% |
Fiduciary and related assets -- non-managed assets |
Personal trust and agency accounts |
306,432 |
288,040 |
250,021 |
226,666 |
6.4% |
15.2% |
10.3% |
Retirement related trust and agency accounts: |
Employee benefit -- defined contribution |
1,601,171 |
1,380,502 |
1,387,521 |
1,187,122 |
16.0% |
-0.5% |
16.9% |
Employee benefit -- defined benefit |
3,795,207 |
3,488,090 |
3,226,584 |
2,819,257 |
8.8% |
8.1% |
14.4% |
Other retirement accounts |
2,113,494 |
1,557,257 |
1,340,132 |
954,530 |
35.7% |
16.2% |
40.4% |
Corporate trust and agency accounts |
2,708,434 |
2,283,133 |
1,974,902 |
1,780,018 |
18.6% |
15.6% |
10.9% |
Other fiduciary accounts |
2,610,053 |
2,473,821 |
1,773,350 |
1,384,532 |
5.5% |
39.5% |
28.1% |
Total non-managed fiduciary accounts: |
Assets |
13,134,791 |
11,470,843 |
9,952,511 |
8,352,124 |
14.5% |
15.3% |
19.2% |
Number of accounts |
15,738,092 |
22,399,830 |
21,680,999 |
20,952,587 |
-29.7% |
3.3% |
3.5% |
Custody and safekeeping accounts: |
Assets |
68,200,455 |
62,080,899 |
54,006,453 |
21,639,563 |
9.9% |
15.0% |
149.6% |
Number of accounts |
11,941,389 |
16,274,842 |
30,768,317 |
31,239,705 |
-26.6% |
-47.1% |
-1.5% |
Fiduciary and related services income |
Personal trust and agency accounts |
5,614 |
5,209 |
5,251 |
5,509 |
7.8% |
-0.8% |
-4.7% |
Retirement related trust and agency accounts: |
Employee benefit - defined contribution |
1,334 |
1,320 |
1,272 |
1,475 |
1.1% |
3.7% |
-13.7% |
Employee benefit - defined benefit |
2,583 |
2,058 |
1,739 |
1,664 |
25.5% |
18.3% |
4.5% |
Other retirement accounts |
904 |
883 |
823 |
665 |
2.4% |
7.2% |
23.8% |
Corporate trust and agency accounts |
2,087 |
2,504 |
2,091 |
2,163 |
-16.6% |
19.7% |
-3.3% |
Investment management agency accounts |
3,802 |
3,386 |
3,176 |
3,127 |
12.3% |
6.6% |
1.6% |
Other fiduciary accounts |
1,534 |
1,120 |
1,139 |
1,323 |
36.9% |
-1.7% |
-13.9% |
Custody and safekeeping accounts |
7,539 |
6,438 |
5,556 |
4,417 |
17.1% |
15.9% |
25.8% |
Other fiduciary and related services income |
1,853 |
2,617 |
2,205 |
1,671 |
-29.2% |
18.7% |
31.9% |
Total gross fiduciary and related services income |
27,616 |
25,542 |
23,258 |
22,018 |
8.1% |
9.8% |
5.6% |
Less: Expenses |
18,760 |
18,447 |
16,044 |
15,169 |
1.7% |
15.0% |
5.8% |
Less: Net losses from fiduciary and related services |
192 |
205 |
126 |
151 |
-5.9% |
62.0% |
-16.3% |
Plus: Intracompany income credits for fiduciary & related services |
1,296 |
1,140 |
889 |
867 |
13.8% |
28.1% |
2.6% |
Net fiduciary and related services income |
9,343 |
8,023 |
7,588 |
7,562 |
16.5% |
5.7% |
0.3% |
Collective investment funds and common trust funds (market value) |
Domestic equity funds |
959,078 |
1,062,709 |
982,531 |
638,949 |
-9.8% |
8.2% |
53.8% |
International/Global equity funds |
374,802 |
387,990 |
306,287 |
161,741 |
-3.4% |
26.7% |
89.4% |
Stock/Bond blend funds |
87,954 |
78,483 |
55,976 |
42,808 |
12.1% |
40.2% |
30.8% |
Taxable bond funds |
282,133 |
380,196 |
340,952 |
280,300 |
-25.8% |
11.5% |
21.6% |
Municipal bond funds |
60,832 |
11,985 |
13,269 |
13,473 |
407.6% |
-9.7% |
-1.5% |
Short term investments/Money market funds |
330,479 |
511,350 |
447,284 |
404,787 |
-35.4% |
14.3% |
10.5% |
Specialty/Other funds |
139,396 |
103,690 |
91,576 |
78,454 |
34.4% |
13.2% |
16.7% |
Total collective investment funds |
2,234,675 |
2,536,403 |
2,237,876 |
1,620,512 |
-11.9% |
13.3% |
38.1% |
|