Memo #
7937
MAY 1996 ABA MUTUAL FUND PROCESSING TASK FORCE NEWSLETTER AND INSTITUTE COMMENT LETTER ON NASD BANK BROKER-DEALER RULES
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June 5, 1996
TO: BANK AND TRUST ADVISORY COMMITTEE No. 16-96
RE: MAY 1996 ABA MUTUAL FUND PROCESSING TASK FORCE NEWSLETTER
AND INSTITUTE COMMENT LETTER ON NASD BANK BROKER-DEALER
RULES
______________________________________________________________________________
Enclosed please find the May 1996 edition of the ABA Mutual Fund Processing Task
Force Newsletter. The newsletter is a quarterly publication targeted at trust companies to keep
them abreast of the efforts underway to automate bank processing of mutual fund transactions.
The newsletter went out with the enclosed survey designed to determine the trust communitys
knowledge of and interest in participating in NSCCs mutual fund services.
Also enclosed is the Institutes final comment letter on the NASD proposal filed with
the Securities and Exchange Commission to revise rules governing member sales activities on
bank premises. We will keep you informed of developments.
Diane M. Butler
Director - Operations & Fund Custody
Enclosures