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(March 13, 2024 --Chicago, IL) -- The most significant variances between what trust institutions report to the Federal Financial Institutions Examination Council (FFIEC) and what they report on A.M. Publishing's Annual Survey of Trust Assets, remains expenses. Discrepancies regarding revenues, assets, and accounts tend to be fewer than for expenses but still signifcicant.

In 2022, nearly 11 percent of trust institutions reported total expenses on A.M. Publishing's annual survey that was different than that reported by the institution on their Call Report. Of those, 80 percent reported higher expenses on the survey than on their Call Report. Of those reporting higher expenses, three quarters reported a difference of less than $200,000. The largest reported difference was $1 million.

This is not to say that that trust institutions were underreporting expenses to federal bank regulators, rather the differences are usually due to interpretation of what is an allowed, reportable expense by regulators versus what the bank deems a trust expense.

As to gross revenues, nearly 8 percent of trust institutions reported differences, with better than half reporting higher revenues on the survey.

As to assets, just under 6 percent reported asset differences. Of those, nearly 70 percent reported more assets, primarily in the category of nonmanaged assets.

When it comes to total accounts, which according to an FDIC source has always been "questionable reporting on the call report," more than 5 percent reported differences. Overwhelming, the reporting differences focused on the reporting of corporate trust and agency accounts.

Complimentary Peer Analysis

The 2024 Annual Survey is in process. To check if your institution participates, please email ""

All institutions participating in the survey receive a complimentary peer analysis, comparing their reported data to that of their peer group and the industry.

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Order Trust Performance Report 2024 and Fiduciary Earnings & Expenses 2024 NOW and received Fiduciary Earnings & Expenses 2023 as a FREE bonus issue. To order go to Trust Performance Report 2024.

Both reports are based on A.M. Publishing's Annual Survey of Trust Assets. The survey gathers and analyzes the data of 1200 institutions, including bank trust divisions, national trust companies, and independent trust companies. The survey has been conducted since 2001.

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Trust Performance Report -- the annual data book, published in May, provides both industry and peer group performance data by assets, gross revenue, net income, and account category .. as well as 3-year growth data and account balance average by account category. Subscribers receive semiannual updates. TPR findings are based on its annual survey of the top 1200 fiduciary institutions. For more best practices and benchmark data see TPR. For information on ordering click here or the link below.

Fiduciary Earnings & Expenses -- the annual data book compares performance among independent trust companies to that of OCC national trust companies and to bank trust divisions. For information on ordering click here or the link below.

For Sample copies of both publications click here and then, on the web page, check "Trust Performance Report."

Data Files -- a spreadsheet version of Trust Performance Report is available. For more information on rates, please visit … Discounts apply for subscribers to Trust Performance Report. For more information on discounts, please email:

No statement in this issue is offered as or should be construed as legal opinion or advice or as an indicator of future performance.
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