Final answer:
Fiduciary settlements, surcharges, losses, and recoveries must be reported in Memorandum item 4 of the Call Report Schedule RC-T by institutions with at least $250 million in fiduciary assets or those with fiduciary assets exceeding 35% of their total assets. Options a, b, and c are incorrect, and the correct threshold is not listed among the options provided.
Step-by-step explanation:
According to the instructions provided for the preparation of the Consolidated Reports of Condition and Income, which are commonly known as the Call Reports
Institutions that must report fiduciary settlements, surcharges, losses, and recoveries in Memorandum item 4 of the Call Report/Report of Condition Schedule RC-T are those with at least $250 million in fiduciary assets or those with total fiduciary assets representing more than 35% of their total assets, regardless of the dollar amount.
This means that options a, b, and c provided in the question do not accurately represent the reporting requirements, and therefore, the correct answer is not explicitly listed among the options. Moreover, not 'All trust institutions' are required to report unless they meet the specific criteria aforementioned.
For educational purposes, it's critical to refer to the most recent Call Report instructions to obtain the most accurate and up-to-date thresholds or criteria established by regulatory agencies for financial reporting.