In re the Accounting of Bankers Trust Co.

Frankenthaler, S.

The account of the trustee of the common trust fund reflects the redemption of United States Savings Bonds, Series G, the receipt of less than the face value thereof, and the allocation of the loss to the principal account. The special guardian who represents beneficiaries interested only in principal, objects to this charge, contending that the loss should be charged wholly against income.

The Banking Board is authorized to regulate the conduct and management of any common trust fund, to determine the procedure to be followed in adding moneys or investments to the fund or…