# 2026-00372: OCC Proposes Expanded Non-Fiduciary Powers for National Bank Trusts

2026-00372, National Bank Chartering, is a Federal Register proposed rule from Treasury Department, Comptroller of the Currency published 2026-01-12, effective Comments must be received on or before February 11, 2026. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2026-00372
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-00372
- Title: National Bank Chartering
- Type: Proposed Rule
- Agencies: Treasury Department; Comptroller of the Currency
- Citation: 91 FR 1098
- Published: 2026-01-12
- Effective: Comments must be received on or before February 11, 2026.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: 1557-AF47
- Last updated: 2026-06-08

## In one line

OCC Proposes Expanded Non-Fiduciary Powers for National Bank Trusts

## Summary

The Office of the Comptroller of the Currency (OCC) wants to update rules for national banks that run trust companies. They’re making it clear these banks can do more than just trust-related work—they can also do other non-fiduciary activities. If you want to share your thoughts, you’ve got until February 11, 2026, to speak up!

## Abstract

The Office of the Comptroller of the Currency (OCC) is proposing to amend its rule related to chartering of national banks to clarify the longstanding authority of national banks limited to the operations of trust companies and activities related thereto to engage in non-fiduciary activities in addition to their fiduciary activities.

## Effects PRIA read

- Trust Banks Can Do Non‑Fiduciary Work: benefit, low. The OCC proposes to clarify that a national bank limited to the operations of a trust company and activities related thereto may also engage in non‑fiduciary activities in addition to fiduciary activities. The OCC says it currently supervises about 60 national trust banks, and the change replaces t…
- Core Function Requirement for Special Purpose Banks: cost, low. The rule text states that a special purpose bank that conducts activities other than trust operations must conduct at least one of three core banking functions: receiving deposits; paying checks; or lending money. This provision appears in the proposed revision to 12 CFR 5.20(e)(1)(i).
- Conforming Change Also Covers Federal Savings: benefit, low. The OCC proposes a conforming amendment to 12 CFR 5.20(l) to replace the term "fiduciary activities" with "the operations of a trust company and activities related thereto," and paragraph (l) would apply to national banks and Federal savings associations that limit activities to trust operations, c…
- No New Costs for OCC‑Supervised Institutions: benefit, low. The OCC states the proposed rulemaking "would impose no new mandates, and thus no direct costs, on affected OCC‑supervised institutions." The OCC also notes it currently supervises 1,003 institutions and estimates approximately 609 meet the Small Business Administration's size thresholds for small…

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## Sources
- [2026-00372 on federalregister.gov](https://www.federalregister.gov/documents/2026/01/12/2026-00372/national-bank-chartering)
- [2026-00372 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-01-12/pdf/2026-00372.pdf)

## Related
- [Previous: 2026-00316, "Small Business" and "Small Organization" Definitions for Investment Companies…](https://policyrisk.com/federal-register/2026-00316)
- [Next: 2026-00409, Airworthiness Directives; The Boeing Company Airplanes](https://policyrisk.com/federal-register/2026-00409)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-00372 (as of 2026-06-08).