Trust Tool- Resolution by a Trust Committee Approving a Collective Investment Fund (CIF) Plan
Updated 07/02/2026
This tool may be used to demonstrate and document Trust Committee approval of the Collective Investment Fund (CIF) Plan prior to submission to the Board of Directors for approval. The template may be customized to meet the specific needs of the bank’s Trust and/or Wealth Management Department.
Rule: Office of The Comptroller’s of the Currency (OCC) 12 CFR 9.18(b); Federal Deposit Insurance Corporation (FDIC) Trust Examination Manual (Appendix G: Collective Investment Fund Law, Regulations and Opinions); 12 CFR 150.260. State laws and Safety and Soundness Standards may apply.
Toolkit: Trust
Keywords: Trust Account, Trust Account Administration, Bank CIF Plan Approval, Resolution by a Trust Committee Approving a Collective Investment Fund Plan
7/2/2026 – Minor content and formatting revisions made to improve clarity.
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