Regulatory Alerts2017-04-24
Interpretive Statement 2017-02: Minimum Capital Requirements and Permissible Investments for Trust Companies
The Idaho Department of Finance issued Interpretive Statement 2017-02 to clarify statutory minimum capital requirements and permissible investment guidelines for state and out-of-state trust companies. The document mandates a minimum paid-in capital of $1,500,000 and defines five categories of permissible securities with specific concentration limits based on capital and surplus. It further outlines board responsibilities for capital adequacy and provides supervisory guidance on risk-based capital management processes.
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