Internal Control Questionnaires and Verification Procedures

Other

1. Is the bank’s system capable of adequately disclosing sudden increases in trading volume by any one trader?

2. Do such increases require officer review to insure that the trader is not doubling volume in an attempt to regain losses in his or her positions?

3. Does the bank retain information on, and authorizations for, all overdraft charges and brokerage bills within the last 12 months?

4. Does an appropriate officer review a comparison of brokerage charges, monthly, to determine if an inordinate share of the bank’s business is directed to or handled by one broker?

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