Collective Investment Funds

Mini-funds

A national bank often receives or holds relatively small dollar accounts in its capacity as trustee, executor, administrator, guardian, or custodian under a Uniform Gifts to Minors Act. Because cash balances in these accounts are often too small to be advantageously invested separately, the bank may establish a fund expressly for these balances’ collective investment. The maximum amount of assets that may be held in such a “mini-fund” is $1,000,000, and the maximum number of participating accounts in any one mini-fund is 100.

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