Show examinations FOR TRUST institutions new move by federal banking authorities Wel welcomed corned by banks aid aad trust corn panics says bankers organization F federal examination of trust de apartments part ments la Is tho the latest development in banking supervision and trust companies and banks operating trust departments are welcoming this development because it fills a longfelt long lons felt want it Is stated by the trust division of the american bankers association despite the growing importance of 0 american trust business in rece recent at years examining officials have never given to trust departments the attention paid to commercial banking departments part ments this authority points out I 1 now the federal reserve Sy stemAn conjunction with the comptroller of 0 the currency has undertaken to bring the examination of 0 trust departments up to the level of commercial bank examinations ami nations it says experts in trust work are being employed by the various federal reserve banks these experts will bead the special staffs of 0 trust examiners in the twelve federal reserve districts special staffs are already at work lo in some ot of the reserve districts including boston atlanta richmond and chicago the federal reserve will ex 1 amine the trust departments of 0 state chartered members ot of the reserve system uniform supervision meanwhile tile the comptroller of 0 the currency has built up over the past two years a staff ot of special examiners tor for tho the trust departments of national banks all national banks are members ot of the federal reserve system since nearly all state chartered trust institutions are members 0 of the reserve tem the new plan will bring about what amounts to federal examination lor for the trust business state examining authorities probably will follow federal supervisory policies to a considerable extent hence coordination di nation of 0 the proc procedure eduie of 0 the national banking system and the federal ro re serve berve system Is expected to result in a uniform system ot of examinations for or trust departments in all banks this in turn 3 should h 0 u I 1 d produce considerable standardization in the operation of trust departments the division deplares |