Regulatory Alerts2020-06-29
Minimum Capital Requirements and Permissible Investments for Trust Companies
The Idaho Department of Finance issued Guidance Statement 2020-03-FIB to clarify statutory minimum capital requirements and permissible investment standards 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 capital management processes to ensure safe and sound operations.
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