It is interesting to note that although the take-up of cash is shrinking, the volume of cash in circulation has increased by an average of 6% each year over the past ten years. That's because cash isn't used just for payments. It also serves as a store of value – and increasingly so.
Under the account-by-account approach adopted by the interim final rules, changes in the amount of compensation received during a year from a single trust or fiduciary account could cause a bank and its entire trust operation to become an unregistered broker-dealer, thereby opening the bank to the threat of enforcement action by the SEC and, after January 1, 2003, suits by private parties for the rescission of securities contracts entered into by the bank.