Section 310.340  Adequacy of Capital Investments of Trust Companies

The Office of Banks and Real Estate has adopted administrative rules and regulations under the Corporate Fiduciary Act addressing trust company investments at 38 Ill. Adm. Code 399.Subpart B.  Section 399.120 states: "For purposes of determining the adequacy of capital, surplus and reserves, a trust company, when purchasing, selling and holding investments for its own accounts, shall be subject to the same limitations and conditions with respect to such investments as are permitted for State banks by the Banking Act.  The Commissioner shall disallow any investments that are not so permitted from the calculation of adequate capital, surplus and reserves."