Last year, State Street sold its last retail banking business; it is now engaged solely in custodial, record-keeping and other services for mutual funds and institutional investors.
It promised to reconcile statements from individual trades with Mr. Madoff's custodial records.
The Department of Justice data collections include all custodial records for offenders held in Western Australian prisoners or under supervision of the Department on community-based correctional orders.
With help from western banks, China's banks are readying themselves for the custodial challenges of record-keeping and documentation.
They received regular statements from the bank showing deductions for "custodial fees" and "record-keeping fees" that totaled 4percentt a year, according to Adam T. Rabin, a partner at McCabe Rabin in West Palm Beach.
Unpopular though it may be in the current federal law enforcement culture, recording custodial interviews has been widely embraced on state and local levels.
Buried in plan literature are kickback schemes (in which fund firms pass on a portion of fees collected to the plan administrator in exchange for shelf space), custodial, advisory and record-keeping fees, transaction costs and innumerable other charges that few participants have any clue they're shouldering or, in many cases, any ability to uncover.
A requirement to record all custodial interviews throughout the agency would not only involve massive logistic and transcription support but would also create unnecessary obstacles to the admissibility of lawfully obtained statements, which through inadvertence or circumstances beyond control of the interviewing agents, could not be recorded.
For police officers and agents in states where tape-recording is encouraged or required, "[n]ot a single one has expressed a wish to return to non-recorded custodial interviews," Thomas found.
Company-wide fees for record-keeping and custodial services are often not disclosed at all but instead bundled into aggregate fund expense ratios.
