2. 考研
  3. About one commercial bank out of every four has a trust department that provides specialized fiduciary services for its customer

About one commercial bank out of every four has a trust department that provides specialized fiduciary services for its customer

admin2011-12-20  73
问题    About one commercial bank out of every four has a trust department that provides specialized fiduciary services for its customers. To engage in the trust business, a bank must obtain from its chartering agency trust powers that enable it to offer these specialized financial services. The following sections provide an introduction to the trust function.
   With roughly 75 percent of banking-industry participants not engaged in trust operations, trust services obviously play a somewhat limited role in the industry. Since 1981 the percentage contribution of these revenues to total operating income and total assets has been increasing after declining since 1975. As of year-end 1983, trust income was $ 4.2 billion and amounted to 1.74 percent of total operating income and 0. 185 percent of total bank assets. Over the eight-year period 1975 to 1983, trust income grew at a compound annual rate of 12.78 percent compared to 17.42 percent for total operating income and 11.81 percent for total assets.
   Trust departments generate revenue by charging fees for the services they provide. In the early days of the trust business, these fees usually were calculated as a percentage of income earned from trust assets. Today, most fee income is based upon principal value or a combination of principal value and income. To illustrate, a fee schedule based upon principal value for personal trust accounts might range from 1 percent to 25 percent annually, depending upon the size of the account. One of the controversial areas in trust management is how to measure fee income.
   The service objectives of trust and agency relationships involve five major operations: 1) recordkeeping, 2) safekeeping, 3) personal and financial counseling, 4) investing, and 5) control of assets.
   Personal trusts and employee-benefit accounts are the major business lines of trust departments, as of December 31, 1980, these two lines accounted for $ 440 billion or 77 percent of total trust assets of $ 571 billion. In each of the major business lines, common stocks are the major investment vehicle, as they account for roughly 48 percent or total trust assets. Personal trusts have the highest proportion of assets in common stocks at 56 percent.
______ Nowadays, banks charge fees for the trust services they provide which were counted as part of the earnings from trust assets.
选项 A、TRUE
B、FALSE
C、NOT GIVEN
答案B
解析 本题是细节题。第三段第二句提到“In the early days of the trust business，these fees usually were calculated as a percentage of income earned from trust assets”，由此可讲，是在过去而不是现在信托业务被看成是信托资产的一部分。因此本题不对。
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