ALTHOUGH a bank-account is your best partner, it can not meet all the problems that arise from the possession of money and property. You will find a powerful ally of the bank in the trust company. The two institutions supplement each other in their services to the depositor.

A trust company is a banking institution - but something more than that. It has all the powers and functions of a bank - plus many others. As a banking institution, a trust company can usually give you the same facilities as a state or national bank. It is true also, that under the new Federal Reserve Law many national banks can likewise engage in trust operations. Most trust companies pay interest on deposits subject to check - say about two or two and a half per cent. This fact, together with the great range of services performed by these institutions, has attracted large deposits to the trust companies. In the last few years, the resources of these institutions have grown enormously.

Briefly summarized, here is a list of individual "trust" services performed by a trust company. It acts:

1 As (a) executor, (b) administrator, (c) custodian, (d) trustee of wills and estates.

2 As guardian of minors and incompetents.

3 As depository under escrows, that is, when money is placed by the mutual agreement between two parties into the hands of a third party, to be held until the fulfillment of some condition.

4 As custodian of stocks and bonds and mortgages.

5 As custodian of other property - jewelry, valuable documents, silverware, etc., in safe-deposit vaults.

It is becoming more and more customary to appoint a trust company as executor, trustee, guardian or administrator. There are two good reasons for this. In the first place, a trust company is a permanent institution, uninterrupted in its work by individual incapacity, unwillingness, delay or death. In the second place, a trust company can usually perform the services mentioned far better than an individual, because it has experts at its disposal, because it has efficient organization, vast experience, great resources and a wide knowledge of financial conditions.

Take the matter of wills. When left in the hands of individual executors, estates are often delayed in settlement and shrink considerably in the course of the legal proceedings, not through dishonesty, but through lack of specialized experience. Trust companies provide this experience and efficiency. Moreover, a trust company can not be swayed by sentiment or personal influence exerted by contending parties. It must adhere unflinchingly to the letter and spirit of the law.

The fee of an executor is fixed by law, and is the same whether the work is performed by an individual or an institution.

The services extended by the trust company are genuine "worry-savers." Besides the matter of wills, the most important of these services are the safe-keeping of securities, the management of property, and the collection of income. Under this form of "custodianship," for which a small fee is charged, the trust company takes your securities, gives you a receipt for them, lists them in books of record and locks them in your vaults. It collects income the day it is due and credits the amount to your checking-account. This service saves the trouble of making out income tax certificates, collecting coupons, collecting interest and dividends, watching tax payments, collecting rents and supervising real estate and collecting income from other sources. It puts a powerful and efficient system at your service, supervising everything down to the smallest detail.

A well-organized trust company is always ready to advise its depositors on investments. The advice given is suggestive, rather than rigid. It is in the form of facts, not opinions.