Common Trust Fund of a Bank

Report a common trust fund of a bank and income produced by the common trust fund in Schedule A. 

Common Trust Fund of a Bank: An Example

For You, Your Spouse, and Your Dependent Children

Schedule A

Report a common trust fund if the value of the common trust fund was more than $1,000 at the end of the reporting period, or if the common trust fund produced more than $200 in income during the reporting period.

Normally, a common trust fund of a commercial bank that is open to the public will qualify as an excepted investment fund. In that case, report this item, as follows:

Block A: Provide the name of the bank and the common trust fund.

Block B: Mark the column that corresponds to the value of the common trust fund.

EIF: Just to the right of Block B is a column identified as “Excepted Investment Fund” (EIF). Mark that column.

Block C: Mark the “Amount” column that corresponds to the amount of income produced by the common trust fund during the reporting period.

If the Fund Does Not Qualify as an Excepted Investment Fund: In the unusual case that a common trust fund does not appear to qualify as an excepted investment fund, contact an ethics official at your agency for further assistance.

 

This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.