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2000 - Rules and Regulations
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PART 360—RESOLUTION AND RECEIVERSHIP RULES
Sec.
360.1
Least-cost resolution.
360.2
Federal Home Loan banks as secured creditors.
360.3
Priorities.
360.4
Administrative expenses.
360.5
Definition of qualified financial contracts.
360.6
Treatment by the Federal Deposit Insurance Corporation as conservator
or receiver of financial assets transferred in connection with a
securitization or participation.
360.7
Post-insolvency interest.
360.8
Method for determining deposit and other liability account balances at
a failed insured depository institution.
360.9
Large-bank deposit insurance determination modernization.
Appendix A to Part
360—Non-Monetary Transaction File Structure
Appendix B to Part
360—Debit/Credit File Structure
Appendix C to Part
360—Deposit File Structure
Appendix D to Part
360—Sweep/Automated Credit Account File Structure
Appendix E to Part
360—Hold File Structure
Appendix F to Part
360—Customer File Structure
Appendix G to Part
360—Deposit-Customer Join File Structure
Appendix H to Part
360—Possible File Combinations for Deposit Data
AUTHORITY: 12 U.S.C. 1821(d)(1), 1821(d)(10)(C), 1821(d)(11),
1821(e)(1), 1821(e)(8)(D)(i), 1823(c)(4), 1823(e)(2); Sec. 401(h), Pub.
L. 101--73, 103 Stat. 357.
SOURCE: The provisions of this Part 360 appear at 55 Fed. Reg.
46496, November 5, 1990, except as otherwise
noted.
§ 360.1 Least-cost resolution.
(a) General rule. Except as provided in section
13(c)(4)(G) of the FDI Act (12 U.S.C.
1823(c)(4)(G)), the FDIC shall not take any action, directly or
indirectly, under sections 13(c), 13(d), 13(f), 13(h) or 13(k) of the
FDI Act (12 U.S.C. 1823(c), (d), (f), (h) or (k)) with respect to any
insured depository institution that would have the effect of increasing
losses to any insurance fund by protecting:
(1) Depositors for more than the insured portion of their
deposits (determined without regard to whether such institution is
liquidated); or
(2) Creditors other than depositors.
(b) Purchase and assumption transactions. Subject to the
requirement of section 13(c)(4)(A) of the FDI Act (12 U.S.C.
1823(c)(4)(A)), paragraph (a) of this section shall not be construed as
prohibiting the FDIC from allowing any person who acquires any assets
or assumes any liabilities of any insured depository institution, for
which the FDIC has been appointed conservator or receiver, to acquire
uninsured deposit liabilities of such institution as long as the
applicable insurance fund does not incur any loss with respect to such
uninsured deposit liabilities in an amount greater than the loss which
would have been incurred with respect to such liabilities if the
institution had been liquidated.
[Codified to 12 C.F.R. § 360.1]
[Section 360.1 added at 58 Fed. Reg. 67664, December 22,
1993, effective January 21, 1994; 63 Fed. Reg. 37761, July 14, 1998,
effective August 13, 1998]
§ 360.2 Federal Home Loan banks as secured creditors.
(a) Notwithstanding any other provisions of federal or
state law or any other provisions of these regulations, the receiver of
a borrower from a Federal Home Loan bank shall recognize the priority
of any security interest granted to a Federal Home Loan bank by any
member of any Federal Home Loan bank or any affiliate of any such
member, whether such security interest is in specifically designated
assets or a blanket interest in all assets or categories of assets,
over the claims and rights of any other party (including any
receiver,conservator, trustee or similar party having rights of a lien
creditor) other than claims and rights that
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(1) Would be entitled to priority under otherwise applicable law;
and
(2) Are held by actual bona fide purchasers for value or by
actual secured parties that are secured by actual perfected security
interests.
(b) If the receiver rather than the bank shall have possession of
any collateral consisting of notes, securities, other instruments,
chattel paper or cash securing advances of the bank, the receiver
shall, upon request by the bank, promptly deliver possession of such
collateral to the bank or its designee.
(c) In the event that a receiver is appointed for any member of a
Federal Home Loan bank, the following procedures shall apply:
(1) The receiver and the bank shall immediately seek and develop
a mutually agreeable plan for the payment of any advances made by the
bank to such borrower or for the servicing, foreclosure upon and
liquidation of the collateral securing any such advances, taking into
account the nature and amount of such collateral, the markets in which
such collateral is normally traded or sold and other relevant factors.
(2) In the event that the receiver and the bank shall not, in
good faith, be able to develop such a mutually agreeable plan, or, in
the interim, the bank in good faith reasonably concludes that the value
of such collateral is decreasing, because of interest rate or other
market changes, at such a rate that to delay liquidation or other
exercise of the bank's rights as a secured party for the development of
a mutually agreeable plan could reasonably cause the value of such
collateral to decrease to an amount that is insufficient to satisfy the
bank's claim in full, the bank may, at any time thereafter if permitted
to do so by the terms of the advances or other security agreement with
such borrower or otherwise by applicable law, proceed to foreclose
upon, sell, lease or otherwise dispose of such collateral (or any
portion thereof), or otherwise exercise its rights as a secured party,
provided that the bank acts in good faith and in a commercially
reasonable manner and otherwise in accordance with applicable law.
(3) The foregoing provisions of this paragraph (c) shall not
apply in the event that a purchase and assumption transaction is
entered into regarding any such member.
(d) The bank's rights pursuant to the second sentence of section
10(d) of the Federal Home Loan Bank Act shall not be affected or
diminished by any provisions of state law that may be applicable to a
security interest in property of the member.
(e) The receiver for a borrower from a Federal Home Loan bank shall
allow a claim for a prepayment fee by the Bank if, and only if:
(1) The claim is made pursuant to a written contract that
provides for a prepayment fee, provided, however, that such prepayment
fee allowed by the receiver shall not exceed the present value of the
loss attributable to the difference between the contract rate of the
secured borrowing and the reinvestment rate then available to the Bank;
and
(2) The indebtedness owed to the Bank by such borrower is secured
by sufficient collateral in which a perfected security interest in
favor of the Bank exists or as to which the Bank's security interest
is entitled to priority under section 306(d) of the Competitive
Equality Banking Act of 1987 (CEBA) (12 U.S.C. 1430(e), footnote (1),
or otherwise so that the aggregate of the outstanding principal on the
advances secured by such collateral, the accrued but unpaid interest
thereon and the prepayment fee applicable to such advances can be paid
in full from the amounts realized from such collateral. For purposes of
this paragraph (e)(2), the adequacy of such collateral shall be
determined as of the date such prepayment fees shall be due and payable
under the terms of the written contract providing therefor.
[Codified to 12 C.F.R. § 360.2]
[Section 360.1 redesignated as § 360.2 at 58 Fed. Reg. 67664
December 22, 1993, effective January 21, 1994; 63 Fed. Reg. 37761, July
14, 1998, effective August 13, 1998]
§ 360.3 Priorities.
(a) Unsecured claims against an association or the receiver that
are proved to the satisfaction of the receiver shall have priority in
the following order:
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(1) Administrative expenses of the receiver, including the costs,
expenses, and debts of the receiver;
(2) Administrative expenses of the association, provided
that such expenses were incurred within thirty (30) days prior to
the receiver's taking possession, and that such expenses shall be
limited to reasonable expenses incurred for services actually provided
by accountants, attorneys, appraisers, examiners, or management
companies, or reasonable expenses incurred by employees which were
authorized and reimbursable under a pre-existing expense reimbursement
policy, that, in the opinion of the receiver, are of benefit to the
receivership, and shall not include wages or salaries of employees of
the association;
(3) Claims for wages and salaries, including vacation and sick
leave pay and contributions to employee benefit plans, earned prior to
the appointment of the receiver by an employee of the association whom
the receiver determines it is in the best interests of the receivership
to engage or retain for a reasonable period of time;
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(4) If authorized by the receiver, claims for wages and salaries,
including vacation and sick leave pay and contributions to employee
benefits plans, earned prior to the appointment of the receiver, up to
a maximum of three thousand dollars ($3,000) per person, by an employee
of the association not engaged or retained pursuant to a determination
by the receiver pursuant to the third category above;
(5) Claims of governmental units for unpaid taxes, other than
federal income taxes, except to the extent subordinated pursuant to
applicable law; but no other claim of a governmental unit shall have a
priority higher than that of a general creditor under paragraph (a)(6)
of this section;
(6) Claims for withdrawable accounts, including those of the
Corporation as subrogee or transferee, and all other claims which have
accrued and become unconditionally fixed on or before the date of
default, whether liquidated or unliquidated, except as provided in
paragraphs (a)(1) through (a)(5) of this section, provided, however,
that if the association is chartered and was operated under the laws of
a state that provided a priority for holders of withdrawable accounts
over such other claims or general creditors, such priority within this
paragraph (a)(6) shall be observed by the receiver; and provided
further, that if deposits of a federal association are booked or
registered at an office of such association that is located in a state
that provides such priority with respect to state-chartered
associations, such deposits in a federal association shall have
priority over such other claims or general creditors, which shall be
observed by the receiver;
(7) Claims other than those that have accrued and become
unconditionally fixed on or before the date of default, including
claims for interest after the date of default on claims under paragraph
(a)(6) of this section, Provided that any claim based on an
agreement for accelerated, stipulated, or liquidated damages, which
claim did not accrue prior to the date of default, shall be considered
as not having accrued and become unconditionally fixed on or before the
date of default;
(8) Claims of the United States for unpaid federal income taxes;
(9) Claims that have been subordinated in whole or in part to
general creditor claims, which shall be given the priority specified in
the written instruments that evidence such claims; and
(10) Claims by holders of nonwithdrawable accounts, including
stock, which shall have priority within this paragraph (a)(10) in
accordance with the terms of the written instruments that evidence such
claims.
(b) Interest after the date of default on claims under paragraph
(a)(6) of this section shall be at a rate or rates adjusted monthly to
reflect the average rate for U.S. Treasury bills with maturities of not
more than ninety-one (91) days during the preceding three (3) months.
(c) [Reserved]
(d) All unsecured claims of any category or class or priority
described in paragraphs (a)(1) through (a)(10) of this section shall be
paid in full, or provision made for such payment, before any claims of
lesser priority are paid. If there are insufficient funds to pay all
claims of a category or class in full, distribution to claimants in
such category or class shall be made pro rata. Notwithstanding anything
to the contrary herein, the receiver may, at any time, and from time to
time, prior to the payment in full of all claims of a category or class
with higher priority, make such distributions to claimants in priority
classes outlined in paragraphs (a)(1) through (a)(6) of this section as
the receiver believes are reasonably necessary to conduct the
receivership.
Provided that the receiver determines that adequate funds
exist or will be recovered during the receivership to pay in full all
claims of any higher priority.
(e) If the association is in mutual form, and a surplus remains
after making distribution in full of allowed claims as set forth in
paragraphs (a) and (b) of this section, such surplus shall be
distributed to the depositors in proportion to their accounts as of the
date of default.
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(f) Under the provisions of section 11(d)(11) of the Act
(12 U.S.C. 1821(d)(11)), the
provisions of this § 360.3 do not apply to any receivership
established and liquidation or other resolution occurring after August
10, 1993.
[Codified to 12 C.F.R. § 360.3]
[Section 360.2 amended at 58 Fed. Reg. 43070, August 13, 1993;
redesignated as § 360.3 at 58 Fed. Reg. 67664, December 21, 1993,
effective January 21, 1994; amended at 60 Fed. Reg. 35488, July 10,
1995]
§ 360.4 Administrative expenses.
The priority for "administrative expenses of the receiver", as
that term is used in section 11(d)(11) of the Act (12 U.S.C.
1821(d)(11)), shall include those necessary expenses incurred by the
receiver in liquidating or otherwise resolving the affairs of a failed
insured depository institution. Such expenses shall include pre-failure
and post-failure obligations that the receiver determines are necessary
and appropriate to facilitate the smooth and orderly liquidation or
other resolution of the institution.
[Codified to 12 C.F.R. § 360.4]
[Section 360.3 added at 58 Fed. Reg. 43070, August 13, 1993;
redesignated as § 360.4 at 58 Fed. Reg. 67664, December 21, 1993,
effective January 21, 1994; amended at 60 Fed. Reg. 35488, July 10,
1995]
§ 360.5 Definition of qualified financial contracts.
(a) Authority and purpose. Sections 11(e)(8) and (10) of
the Federal Deposit Insurance Act, 12
U.S.C. 1821(e)(8) through (10), provide special rules for the
treatment of qualified financial contracts of an insured depository
institution for which the FDIC is appointed conservator or receiver,
including rules describing the manner in which qualified financial
contracts may be transferred or closed out. Section 11(e)(8)(D)(i) of
the Federal Deposit Insurance Act, 12 U.S.C. 1821(e)(8)(D)(i), grants
the Corporation authority to determine by regulation whether any
agreement, other than those identified within section 11(e)(8)(D),
should be recognized as qualified financial contracts under the
statute. The purpose of this section is to identify additional
agreements which the Corporation has determined to be qualified
financial contracts.
(b) Repurchase agreements. The following agreements
shall be deemed "repurchase agreements" under section
11(e)(8)(D)(v)) of the Federal Deposit Insurance Act, as amended (12
U.S.C. 1821(e)(8)(D)(v)): A repurchase agreement on qualified foreign
government securities is an agreement or combination of agreements
(including master agreements) which provides for the transfer of
securities that are direct obligations of, or that are fully guaranteed
by, the central governments (as set forth at
12 CFR part 325, appendix
A, section II.C, n. 17, as may be amended from time to time) of
the OECD-based group of countries (as set forth at 12 CFR part 325,
appendix A, section II.B.2., note 12 as may be amended from time to
time) against the transfer of funds by the transferee of such
securities with a simultaneous agreement by such transferee to transfer
to the transferor thereof securities as described above, at a date
certain not later than one year after such transfers or on demand,
against the transfer of funds.
(c) Swap agreements. The following agreements shall be
deemed "swap agreements" under section 11(e)(8)(D)(vi) of the
Federal Deposit Insurance Act, as amended (12 U.S.C.
1821(e)(8)(D)(vi)): A spot foreign exchange agreement is any agreement
providing for or effecting the purchase or sale of one currency in
exchange for another currency (or a unit of account established by an
intergovernmental organization such as the European Currency Unit) with
a maturity date of two days or less after the agreement has been
entered into, and includes short-dated transactions such as
tomorrow/next day and same day/tomorrow transactions.
(d) Nothing in this section shall be construed as limiting or
changing a party's obligation to comply with all reasonable trading
practices and requirements, non-insolvency law requirements and any
other requirements imposed by other provisions of the
FDI
{{8-29-08 p.3087}}Act. This section in no way
limits the authority of the Corporation to take supervisory or
enforcement actions, or to otherwise manage the affairs of a financial
institution for which the Corporation has been appointed conservator or
receiver.
[Codified to 12 C.F.R. § 360.5]
[Section 360.5 added at 60 Fed. Reg. 66865, December 27,
1995]
§ 360.6 Treatment by the Federal Deposit Insurance Corporation
as conservator or receiver of financial assets transferred in
connection with a securitization or participation.
(a) Definitions. (1) Beneficial interest
means debt or equity (or mixed) interests or obligations of any
type issued by a special purpose entity that entitle their holders to
receive payments that depend primarily on the cash flow from financial
assets owned by the special purpose entity.
(2) Financial asset means cash or a contract or
instrument that conveys to one entity a contractual right to receive
cash or another financial instrument from another entity.
(3) Participation means the transfer or assignment of
an undivided interest in all or part of a loan or a lease from a
seller, known as the "lead", to a buyer, known as the
"participant", without recourse to the lead, pursuant to an
agreement between the lead and the participant. Without recourse
means that the participation is not subject to any agreement that
requires the lead to repurchase the participant's interest or to
otherwise compensate the participant due to a default on the underlying
obligation.
(4) Securitization means the issuance by a special
purpose entity of beneficial interests:
(i) The most senior class of which at time of issuance is rated
in one of the four highest categories assigned to long-term debt or in
an equivalent short-term category (within either of which there may be
sub-categories or gradations indicating relative standing) by one or
more nationally recognized statistical rating organizations, or
(ii) Which are sold in transactions by an issuer not involving
any public offering for purposes of section 4 of the Securities Act of
1933 (15 U.S.C. 77d), as
amended, or in transactions exempt from registration under such Act
pursuant to Regulation S thereunder (or any successor regulation).
(5) Special purpose entity means a trust, corporation,
or other entity demonstrably distinct from the insured depository
institution that is primarily engaged in acquiring and holding (or
transferring to another special purpose entity) financial assets, and
in activities related or incidental thereto, in connection with the
issuance by such special purpose entity (or by another special purpose
entity that acquires financial assets directly or indirectly from such
special purpose entity) of beneficial interests.
(b) The FDIC shall not, by exercise of its authority to disaffirm
or repudiate contracts under 12
U.S.C. 1821(e), reclaim, recover, or recharacterize as property
of the institution or the receivership any financial assets transferred
by an insured depository institution in connection with a
securitization or participation, provided that such transfer meets all
conditions for sale accounting treatment under generally accepted
accounting principles, other than the "legal isolation" condition
as it applies to institutions for which the FDIC may be appointed as
conservator or receiver which is addressed by this section.
(c) Paragraph (b) of this section shall not apply unless the
insured depository institution received adequate consideration for the
transfer of financial assets at the time of the transfer, and the
documentation effecting the transfer of financial assets reflects the
intent of the parties to treat the transaction as a sale, and not as a
secured borrowing, for accounting purposes.
(d) Paragraph (b) of this section shall not be construed as
waiving, limiting, or otherwise affecting the power of the FDIC, as
conservator or receiver, to disaffirm or repudiate any agreement
imposing continuing obligations or duties upon the insured depository
institution in conservatorship or receivership.
(e) Paragraph (b) of this section shall not be construed as
waiving, limiting or otherwise affecting the rights or powers of the
FDIC to take any action or to exercise any power not specifically
limited by this section, including, but not limited to, any rights,
powers or remedies of the FDIC regarding transfers taken in
contemplation of the institution's
{{8-29-08 p.3088}}insolvency or with the intent to
hinder, delay, or defraud the institution or the creditors of such
institution, or that is a fraudulent transfer under applicable law.
(f) The FDIC shall not seek to avoid an otherwise legally
enforceable securitization agreement or participation agreement
executed by an insured depository institution solely because such
agreement does not meet the "contemporaneous" requirement of
sections 11(d)(9), 11(n)(4)(I), and 13(e) of the Federal Deposit
Insurance Act (12 U.S.C.
1821(d)(9),
(n)(4)(I),
1823(e).
(g) This section may be repealed or amended by the FDIC upon 30
days notice and opportunity for comment provided in the Federal
Register, but any such repeal or amendment shall not apply to any
transfers of financial assets made in connection with a securitization
or participation that was in effect before such repeal or modification.
[Codified to 12 C.F.R. § 360.6]
[Section 360.6 added at 65 Fed. Reg. 49191, August 11, 2000,
effective September 11, 2000]
§ 360.7 Post-insolvency interest.
(a) Purpose and scope. This section establishes rules
governing the calculation and distribution of post-insolvency interest
to creditors with proven claims in all FDIC-administered receiverships
established after June 13, 2002.
(b) Definitions. (1) Equityholder. The owner
of an equity interest in a failed depository institution, whether such
ownership is represented by stock, membership in a mutual association,
or otherwise.
(2) Post-insolvency interest. Interest calculated from
the date the receivership is established on proven creditor claims in
receiverships with surplus funds.
(3) Post-insolvency interest rate. For any calendar
quarter, the coupon equivalent yield of the average discount rate set
on the three-month Treasury bill at the last auction held by the United
States Treasury Department during the preceding calendar quarter, and
adjusted each quarter thereafter.
(4) Principal amount. The proven claim amount and any
interest accrued thereon as of the date the receivership is
established.
(5) Proven claim. A claim that is allowed by a
receiver or upon which a final non-appealable judgment has been entered
in favor of a claimant against a receivership by a court with
jurisdiction to adjudicate the claim.
(c) Post-insolvency interest distributions. (1)
Post-insolvency interest shall only be distributed following
satisfaction by the receiver of the principal amount of all creditor
claims.
(2) The receiver shall distribute post-insolvency interest at the
post-insolvency interest rate prior to making any distribution to
equityholders. Post-insolvency interest distributions shall be made in
the order of priority set forth in section 11(d)(11)(A) of the Federal
Deposit Insurance Act, 12 U.S.C. 1821(d)(11)(A).
(3) Post-insolvency interest distributions shall be made at such
time as the receiver determines that such distributions are appropriate
and only to the extent of funds available in the receivership estate.
Post-insolvency interest shall be calculated on the outstanding balance
of a proven claim, as reduced from time to time by any interim dividend
distributions, from the date the receivership is established until the
principal amount of a proven claim has been fully distributed but not
thereafter. Post-insolvency interest shall be calculated on a
contingent claim from the date such claim becomes proven.
(4) Post-insolvency interest shall be determined using a simple
interest method of calculation.
[Codified to 12 C.F.R. § 360.7]
[Section 360.7 added at 67 Fed. Reg. 34386, May 14, 2002,
effective June 13, 2002]
{{10-31-08 p.3088.01}}
§ 360.8 Method for determining deposit and other liability
account balances at a failed insured depository institution.
(a) Purpose. The purpose of this section is to describe
the process the FDIC will use to determine deposit and other liability
account balances for insurance coverage and receivership purposes at a
failed insured depository institution.
(b) Definitions.--(1) The FDIC cutoff point
means the point in time established by the FDIC after it has been
appointed receiver of a failed insured depository institution and takes
control of the failed institution.
(2) The applicable cutoff time for a specific type of
deposit account transaction means the earlier of either the failed
institution's normal cutoff time for that specific type of transaction
or the FDIC cutoff point.
(3) Close-of-business account balance means the
closing end-of-day ledger balance of a deposit or other liability
account on the day of failure of an insured depository institution
determined by using the applicable cutoff times. This balance may be
adjusted to reflect steps taken by the receiver to ensure that funds
are not received by or removed from the institution after the FDIC
cutoff point.
(c) Principles.--(1) In making deposit insurance
determinations and in determining the value and nature of claims
against the receivership on the institution's date of failure the
FDIC, as insurer and receiver, will treat deposits and other
liabilities of the failed institution according to the ownership and
nature of the underlying obligations based on end-of-day ledger
balances for each account using, except as expressly provided otherwise
in this section, the depository institution's normal posting
procedures.
(2) In its role as receiver of a failed insured depository
institution, in order to ensure the proper distribution of the failed
institution's assets under the FDI Act (12 U.S.C. 1821(d)(11)) as of
the FDIC Cutoff Point, the FDIC will use its best efforts to take all
steps necessary to stop the generation, via transactions or transfers
coming from or going outside the institution, of new liabilities or
extinguishing existing liabilities for the depository institution.
(3) End-of-day ledger balances are subject to corrections for
posted transactions that are inconsistent with the above principles.
(d) Determining closing day balances.--(1) In
determining account balances for insurance coverage and receivership
purposes at a failed insured depository institution, the FDIC will use
close-of-business account balances as may be adjusted for funds that
are received by or removed from the institution after the FDIC cutoff
point.
(2) A check posted to the close-of-business account balance but
not collected by the depository institution will be included as part of
the balance, subject to the correction of errors and omissions and
adjustments for uncollectible items that the FDIC may make in its role
as receiver of the failed depository institution.
(3) In determining close-of-business account balances, the FDIC
will recognize contractual, automated transfers (or sweeps) of funds
from a deposit account to a non-deposit account or investment vehicle
at the institution scheduled to take place before the final calculation
of the institution's end-of-day ledger balances for that day.
(4) For deposit insurance and receivership purposes in connection
with the failure of an insured depository institution, a depositor's
and other liability-holder's rights will be determined as of the point
the close-of-business account balance is calculated. These rights may
be adjusted as necessary to account for funds that are received by or
removed from the institution after the FDIC cutoff point.
(e) Effective July 1, 2009, in all sweep account contracts and
account statements reflecting sweep account balances, institutions must
prominently disclose whether swept funds are deposits within the
meaning of 12 U.S.C. 1813(l). If the funds are not deposits, the
institution must further disclose the status such funds would have if
the institution failed--for example, general creditor status or secured
creditor status. Such disclosures must be consistent with how the
institution reports such funds on its Call Reports or Thrift Financial
Reports.
[Codified to 12 C.F.R. § 360.8]
[Section 360.8 added at 73 Fed. Reg. 41179, July 17, 2008,
effective August 18, 2008, except for § 360.8(e), effective July 1,
2009]
{{10-31-08 p.3088.02}}
§ 360.9 Large-bank deposit insurance determination
modernization.
(a) Purpose and scope. This section is intended to allow
the deposit and other operations of a large insured depository
institution (defined as a "Covered Institution") to continue
functioning on the day following failure. It also is intended to permit
the FDIC to fulfill its legal mandates regarding the resolution of
failed insured institutions to provide liquidity to depositors
promptly, enhance market discipline, ensure equitable treatment of
depositors at different institutions and reduce the FDIC's costs by
preserving the franchise value of a failed institution.
(b) Definitions.--(1) A covered institution
means an insured depository institution which, based on items as
defined in Reports of Income and Condition or Thrift Financial Reports
filed with the applicable federal regulator, has at least $2 billion in
deposits and at least either:
(i) 250,000 deposit accounts; or
(ii) $20 billion in total assets, regardless of the number of
deposit acounts.
(2) Deposits, number of deposit accounts and total assets
are as defined in the instructions for the filing of Reports of
Income and Condition and Thrift Financial Reports, as applicable to the
insured depository institution for determining whether it qualifies as
a covered institution. A foreign deposit means an uninsured deposit
liability maintained in a foreign branch of an insured depository
institution. An international banking facility deposit is as
defined by the Board of Governors of the Federal Reserve System in
Regulation D (12 CFR § 204.8(a)(2)). A demand deposit account,
NOW account, money market deposit account, savings deposit account and
time deposit account are as defined in the instructions for the
filing of Reports of Income and Condition and Thrift Financial Reports.
(3) Sweep account arrangements consist of a deposit
account linked to an interest-bearing investment vehicle whereby funds
are swept to and from the deposit account according to prearranged
rules, usually on a daily basis, where the sweep investment vehicle is
not a deposit and is reflected on the books and records of the
Covered Institution.
(4) Automated credit account arrangements consist of a
deposit account into which funds are automatically credited from an
interest-bearing investment vehicle where the funds in the
interest-bearing investment vehicle were not invested by prearranged
rules.
(5) Non-covered institution means an insured
depository institution that does not meet the definition of a covered
institution.
(6) Provisional hold means an effective restriction on
access to some or all of a deposit or other liability account after the
failure of an insured depository institution.
(c) Posting and removing provisional holds.--(1) A
covered institution shall have in place an automated process for
implementing a provisional hold on deposit accounts, foreign deposit
accounts and sweep and automated credit account arrangements
immediately following the determination of the close-of-business
account balances, as defined in § 360.8(b)(3), at the failed covered
institution.
(2) The system requirements under paragraph (c)(1) must have the
capability of placing the provisional holds prescribed under that
provision no later than 9 a.m. local time the day following the FDIC
cutoff point, as defined in § 360.8(b)(1).
(3) Pursuant to instructions to be provided by the FDIC, a
covered institution must notify the FDIC of the person(s) responsible
for producing the standard data download and administering provisional
holds, both while the functionality is being constructed and on an
on-going basis.
(4) For deposit accounts held in domestic offices of an insured
depository institution, the provisional hold algorithm must be designed
to exempt accounts below a specific account balance threshold, as
determined by the FDIC. The account balance threshold could be any
amount, including zero. For accounts above the account balance
threshold determined by the FDIC, the algorithm must be designed to
calculate and place a hold equal to the dollar amount of funds in
excess of the account balance threshold multiplied by the provisional
hold percentage determined by the FDIC. The provisional hold percentage
could be any amount, from zero to one hundred percent. The account
balance threshold as well as the provisional hold percentage could vary
for the following four categories, as the covered institution
customarily defines consumer accounts:
(i) Consumer demand deposit, NOW and money market deposit
accounts;
{{8-29-08 p.3088.03}}
(ii) Other consumer deposit accounts (time deposit and savings
accounts, excluding NOW and money market deposit accounts);
(iii) Non-consumer demand deposit, NOW and money market deposit
accounts; and
(iv) Other non-consumer deposit accounts (time deposit and
savings accounts, excluding NOW and money market deposit accounts).
(5) For deposit accounts held in foreign offices of an insured
depository institution, other than those connected to a sweep or
automated credit arrangement, the provisional hold algorithm will apply
a provisional hold percentage to the entire account balance. For
deposit accounts held in foreign offices the provisional hold
percentage may differ from that applied to deposit accounts. Also, the
provisional hold percentage would not vary by account category (i.e.,
consumer versus non-consumer and transaction versus non-transaction) as
is the case with deposit accounts.
(6) For international banking facility deposits, other than those
connected to a sweep or automated credit arrangements, the provisional
hold algorithm will apply a provisional hold percentage to the entire
account balance. For IBF deposits the provisional hold percentage may
differ from that applied to deposit or foreign deposit accounts. Also,
the provisional hold percentage would not vary by account category
(i.e., consumer versus non-consumer, and transaction versus
non-transaction) as is the case with deposit accounts.
(7) For the interest-bearing investment vehicle of a sweep
arrangement, the provisional hold algorithm must be designed with the
capability to place a provisional hold on the interest-bearing
investment vehicle with possibly a different account balance threshold
and a different hold percentage according to the type of
interest-bearing investment vehicle.
(8) For the interest-bearing investment vehicle of an automated
credit account arrangement, the provisional hold algorithm must be
designed with the capability to place a provisional hold on the
interest-bearing investment vehicle with possibly a different account
balance threshold and a different hold percentage according to the type
of interest-bearing investment vehicle.
(9) A covered institution may submit a request to the FDIC, using
the address indicated in § 360.9(g): to develop a provisional hold
process involving memo holds or alternative account mechanisms; or to
exempt from the provisional hold requirements of this section those
account systems servicing a relatively small number of accounts where
the manual application of provisional holds is feasible. Such requests
may be in the form of a letter and must include a justification for the
request and address the relative effectiveness of the alternative for
posting provisional holds in the event of failure. The FDIC will
consider such requests on a case-by-case basis in light of the
objectives of this section.
(10) The automated process for provisional holds required by
paragraph (c)(1) of this section must include the capability of
removing provisional holds in batch mode and, during the same
processing cycle, applying debits, credits or additional holds on the
deposit or other accounts from which the provisional holds were
removed, as determined by the FDIC. The FDIC will provide files listing
the accounts subject to: removal of provisional holds or additional
holds (file format as specified in Appendix A); application of debits
or credits (file format as specified in Appendix B); and application of
additional holds (file format as specified in Appendix A). In addition
to the batch process used to remove provisional holds, the Covered
Institution is required to have in place a mechanism for manual removal
of provisional holds on a case-by-case basis.
(d) Providing a standard data format for generating deposit
account and customer data.--(1) A covered institution must have
in place practices and procedures for providing the FDIC in a standard
format upon the close of any day's business with required depositor
and customer data for all deposit accounts held in domestic and foreign
offices and interest-bearing investment accounts connected with sweep
and automated credit arrangements. Such standard data files are to be
created through a mapping of pre-existing data elements and internal
institution codes into standard data formats. Deposit account and
customer data provided must be current as of the close of business for
that day.
(2) The requirements of paragraph (d)(1) of this section shall be
provided in five separate files, as indicated in the Appendices C
through G to this Part 360.
{{8-29-08 p.3088.04}}
(3) Upon request by the FDIC, a covered institution must submit
the data required by paragraph (d)(1) of this section to the FDIC, in a
manner prescribed by the FDIC.
(4) In providing the data required under paragraph (d)(1) of this
section to the FDIC, the Covered Institution must be able to
reconcile the total deposit balances and the number of deposit balances
and the number of deposit accounts to the institution's subsidiary
system control totals.
(e) Implementation requirements.--(1) A covered
institution must comply with the requirements of this section no later
than February 18, 2010.
(2) An insured depository institution not within the definition
of a covered institution on the effective date of this section must
comply with the requirements of this section no later than eighteen
months following the end of the second calendar quarter for which it
meets the criteria for a covered institution.
(3) Upon the merger to two or more non-covered institutions, if
the resulting institution meets the criteria for a covered institution,
that covered institution must comply with the requirements of this
section no later than eighteen months after the effective date of the
merger.
(4) Upon the merger of two or more covered institutions, the
merged institution must comply with the requirements of this section
within eighteen months following the effective date of the merger. This
provision, however, does not supplant any preexisting implementation
date requirement, in place prior to the date of the merger, for the
individual covered institution(s) involved in the merger.
(5) Upon the merger of one or more covered institutions with one
or more non-covered institutions, the merged institution(s) must comply
with the requirements of this section within eighteen months following
the effective date of the merger. This provision, however, does not
supplant any preexisting implementation date requirement for the
individual covered institution(s) involved in the merger.
(6) Notwithstanding the general requirements of this paragraph
(e), on a case-by-case basis, the FDIC may accelerate, upon notice, the
implementation timeframe of all or part of the requirements of this
section for a covered institution that: Has a composite rating of 3, 4,
or 5 under the Uniform Financial Institution's Rating System, or in
the case of an insured branch of a foreign bank, an equivalent rating;
is undercapitalized, as defined under the prompt corrective action
provisions of 12 CFR part 325; or is determined by the appropriate
Federal banking agency or the FDIC in consultation with the appropriate
Federal banking agency to be experiencing a significant deterioration
of capital or significant funding difficulties or liquidity stress,
notwithstanding the composite rating of the institution by its
appropriate Federal banking agency in its most recent report of
examination. In implementing this paragraph (e)(6), the FDIC must
consult with the covered institution's primary federal regulator and
consider the: Complexity of the institution's deposit systems and
operations, extent of the institution's asset quality difficulties,
volatility of the institution's funding sources, expected near-term
changes in the institution's capital levels, and other relevant
factors appropriate for the FDIC to consider in its roles as insurer
and possible receiver of the institution.
(7) Notwithstanding the general requirements of this paragraph
(e), a covered institution may request, by letter, that the FDIC extend
the deadline for complying with the requirements of this section. A
request for such an extension is subject to the FDIC's rules of
general applicability under 12 CFR. 303.251.
(f) A covered institution may apply to the FDIC for an exemption
from the requirements of this § 360.9 if it has a high concentration
of deposits incidental to credit card operations. The FDIC will
consider such applications on a case-by-case basis in light of the
objectives of this section.
(g) Requests for exemptions from the requirements of this section,
for flexibility in the use of provisional holds or for extensions of
the implementation requirements of this section and the submission of
point-of-contact information should be submitted in writing to: Office
of the Director, Division of Resolutions and Receiverships, Federal
Deposit Insurance Corporation, 550 17th Street NW., Washington, DC
20429--0002.
{{8-29-08 p.3088.05}}
(h) Testing requirements. Covered institutions must
provide appropriate assistance to the FDIC in its testing of the
systems required by this section. The FDIC will provide testing details
to covered institutions through the issuance of subsequent procedures
and/or guidelines.
[Codified to 12 C.F.R. § 360.9]
[Section 360.9 added at 73 Fed. Reg 41195, July 17, 2008, effective
August 18, 2008]
Appendix A to Part 360--Non-Monetary Transaction File Structure
This is the structure of the data file the FDIC will provide to
remove or add a FDIC hold for an individual account or sub-account. The
file will be in a tab- or pipe-delimited ASCII format and provided
through FDICconnect or Direct Connect. The file will be encrypted using
an FDIC-supplied
algorithm.
| Field
name |
Field
description |
Comments |
Format |
|---|
| 1. DP_Acct_Identifier |
Account
Identifier The primary field used to
identify the account. This field may be the Account
Number. |
The Account Identifier may be composed of more than one
physical data element. If multiple fields are required to identify the
account, data should be placed in separate fields and the FDIC
instructed how these fields are combined to uniquely identify the
account. |
Character (25). |
| 2. DP_Acct_Identifier--2 |
Account
Identifier--2 If necessary, the second element used
to identify the account. |
|
Character
(25). |
| 3. DP_Acct_Identifier--3 |
Account
Identifier--3 If necessary, the third
element used to identify the
account. |
|
Character
(25). |
| 4. DP_Acct_Identifier--4 |
Account
Identifier--4 If necessary, the fourth
element used to identify the
account. |
|
Character
(25). |
| 5. DP_Acct_Identifier--5 |
Account
Identifier--5 If necessary, the fifth
element used to identify the
account. |
|
Character
(25). |
| 6. DP_Sub_Acct_Identifier |
Sub-Account
Identifier If available, the
Sub-Account identifier for the account. |
The
Sub-Account Identifier may identify separate deposits tied to this
account where there are different processing parameters such as
interest rates or maturity dates, but all owners are the
same. |
Character (25). |
| 7. PH_Hold_Action |
Hold
Action The requested hold action to
be taken for this account or sub-account. Possible
values are: • R = Remove. • A = Add. |
|
Character
(1).
{{8-29-08 p.3088.06}}
|
| 8. PH_Hold_Amt |
Hold
Amount Dollar amount of the FDIC hold
to be removed or added. |
|
Decimal
(14,2). |
| 9. PH_Hold_Desc |
Hold
Description FDIC hold to be removed
or added. |
|
Character (225).
|
[Codified to 12 C.F.R. Part 360, Appendix A]
[Appendix A added at 73 Fed. Reg. 41197, July 17, 2008, effective
August 18, 2008]
Appendix B to Part 360--Debit/Credit File Structure
This is the structure of the data file the FDIC will provide to
apply debits and credits to an individual account or sub-account after
the removal of FDIC holds. The file will be in a tab- or pipe-delimited
ASCII format provided through FDICconnect or Direct Connect. The file
will be encrypted using an FDIC-supplied
algorithm.
| Field
name |
Field
description |
Comments |
Format |
|---|
| 1. DP_Acct_Identifier |
Account
Identifier The primary field used to
identify the account. This field may be the Account
Number. |
The Account Identifier may be composed of more than one
physical data element. If multiple fields are required to identify the
account, data should be placed in separate fields and the FDIC
instructed how these fields are combined to uniquely identify the
account. |
Character (25). |
| 2. DP_Acct_Identifier--2 |
Account
Identifier--2 If necessary, the second element used
to identify the account. |
|
Character
(25). |
| 3. DP_Acct_Identifier--3 |
Account
Identifier--3 If necessary, the third
element used to identify the
account. |
|
Character
(25). |
| 4. DP_Acct_Identifier--4 |
Account
Identifier--4 If necessary, the fourth
element used to identify the
account. |
|
Character
(25). |
| 5. DP_Acct_Identifier--5 |
Account
Identifier--5 If necessary, the fifth
element used to identify the
account. |
|
Character
(25). |
| 6. DP_Sub_Acct_Identifier |
Sub-Account
Identifier If available, the
sub-account identifier for the account. |
The
Sub-Account Identifier may identify separate deposits tied to this
account where there are different processing parameters such as
interest rates or maturity dates, but all owners are the
same. |
Character
(25).
{{8-29-08 p.3088.07}}
|
| 7. DC_Debit_Amt |
Debit
Amount Dollar amount of the debit to
be applied to the account or sub-account. |
|
Decimal
(14,2). |
| 8. DC_Credit_Amt |
Credit
Amount Dollar amount of the debit to
be applied to the account or sub-account. |
|
Decimal
(14,2). |
| 9. DC_Transaction_Desc |
Debit/Credit
Description FDIC message associated
with the debit or credit
transaction. |
|
Character (225).
|
[Codified to 12 C.F.R. Part 360, Appendix B]
[Appendix B added at 73 Fed. Reg. 41198, July 17, 2008, effective
August 18, 2008]
Appendix C to Part 360--Deposit File Structure
This is the structure for the data file to provide deposit data to
the FDIC. If data or information are not maintained or do not apply, a
null value in the appropriate field should be indicated. The file will
be in a tab- or pipe-delimited ASCII format. Each file name will
contain the institution's FDIC Certificate Number, an indication that
it is a deposit file type and the date of the extract. The files will
be encrypted using an FDIC-supplied algorithm. The FDIC will transmit
to the covered institution the encryption algorithm over
FDICconnect.
The total deposit balances and the number of deposit accounts in
each deposit file must be reconciled to the subsidiary system control
totals.
The FDIC intends to fully utilize a covered institution's
understanding of its customers and the data maintained around deposit
accounts. Should additional information be available to the covered
institution to help the FDIC more quickly complete its insurance
determination process, it may add this information to the end of this
data file. Should additional data elements be provided, a complete data
dictionary for these elements must be supplied along with a description
of how this information could be best used to establish account
ownership or insurance category.
The deposit data elements provide information specific to deposit
account balances and account data. the sequencing of these elements,
their physical data structures and the field data format and field
length must be provided to the FDIC along with the data structures
identified below.
A header record will also be required at the beginning of this file.
This record will contain the number of accounts to be included in this
file, the mazimum number of characters contained in largest account
title field maintained within the deposit file and the maximum number
of characters contained in largest address field maintained within the
deposit file.
Note: Each record must contain the account title/name
and current account statement mailing address. Fields 17--33 relate to
the account name and address information. Some systems provide for
separate fields for account title/name, street address, city, state,
ZIP, and country, all of which are parsed out. Others systems may
simply provide multiple lines for name, street address, city, state,
ZIP, with no distinction. Populate fields that best fit the system's
data, either fields 17--27 or fields 28--33.
{{8-29-08 p.3088.08}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 1. DP_Acct_Identifier |
Account
Identifier The primary field used to
identify the account. This field may be the Account
Number. |
The Account Identifier may be composed of more than one
physical data element. If multiple fields are required to identify the
account, data should be placed in separate fields and the FDIC
instructed how these fields are combined to uniquely identify the
account. |
Character (25). |
| 2. DP_Acct_Identifier--2 |
Account
Identifier--2 If necessary, the second element used
to identify the account. |
|
Character
(25). |
| 3. DP_Acct_Identifier--3 |
Account
Identifier--3 If necessary, the third
element used to identify the
account. |
|
Character
(25). |
| 4. DP_Acct_Identifier--4 |
Account
Identifier--4 If necessary, the fourth
element used to identify the
account. |
|
Character
(25). |
| 5. DP_Acct_Identifier--5 |
Account
Identifier--5 If necessary, the fifth
element used to identify the
account. |
|
Character
(25). |
| 6. DP_Sub_Acct_Identifier |
Sub-Account
Identifier If available, the
sub-account identifier for the account. |
The
Sub-Account Identifier may identify separate deposits tied to this
account where there are different processing parameters such as
interest rates or maturity dates, but all owners are the
same. |
Character (25). |
| 7. DP_Bank_No |
Bank
Number The bank number as- signed to
the deposit account. |
|
Character
(15). |
| 8. DP_Tax_ID |
Tax ID The tax
identification number maintained on the account. |
For
consumer accounts, typically, this would be the primary account
holder's social security number ("SSN"). For business accounts
it would be the federal tax identification number ("TIN").
Hyphens are optional in this field. |
Character
(15).
|
{{8-29-08 p.3088.09}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 9. DP_Tax_Code |
Tax ID Code The type of
the tax ident- ification number. Possible values
are: • S = Social Security
Number. • T = Federal Tax
Identification Number. • O = Other.
|
Generally deposit systems have flags or indicators set to indicate
whether the number is an SSN or TIN. |
Character (1).
|
| 10. DP_Branch |
Branch Number The branch
or office associated with the account. |
In lieu of a
branch number this field may represent a specialty department or
division. |
Character (15). |
| 11. DP_Cost_Center |
Cost Center
or G/L Code The identifier used for
organization reporting or ownership of the account.
Insert null value if the cost center is not carried in the deposit
record. |
This field ties to the general ledger accounts. |
Character
(20). |
| 12. DP_Dep_Type |
Deposit Type
Indicator The type of deposit by
office location. Possible values
are: • D = Deposit
(Domestic). • F = Foreign
Deposit. |
A deposit--also called a "domestic deposit"--includes
only deposit liabilities payable in the United States, typically those
deposits maintained in a domestic office of an insured depository
institution, as defined in section 3(l) of the Federal Deposit
Insurance Act (12 U.S.C. 1813(l)). A foreign deposit is a deposit
liability in a foreign branch payable solely at a foreign branch or
branches. |
Character (1). |
| 13. DP_Currency_Type |
Currency
Type The ISO 4217 currency
code. |
|
Character (3).
|
{{8-29-08 p.3088.10}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 14. DP_Ownership_Ind |
Customer Ownership
Indicator The type of ownership at
the account level. Possible values
are: • S = Single. • J = Joint
Account. • P = Partnership
account. • C = Corporation. • B =
Brokered Deposits. • I = IRA Accounts. • U = Unincorporated
Association. • R = Revocable
Trust. • IR = Irrevocable Trust. • G = Government
Accounts. • E = Employee Benefit
Plan Accounts. • O =
Other. |
Single: Accounts owned by an individual and those
accounts held as Minor Accounts, Estate Accounts, Non-Minor
Custodian/Guardian Accounts, Attorney in Fact Accounts and Sole
Proprietorships. Joint Account: Accounts
owned by two or more individuals, but does not include
the ownership of a Payable on Death Account or Trust
Account. Partnership
Account: Accounts owned by a
Partnership. Corporation: Accounts
owned by a Corporation (e.g. Inc., L.L.C., or
P.C.). Brokered
Deposits: Accounts placed by a deposit broker who
acts as an intermediary for the actual owner or
sub-broker. IRA Accounts: Accounts
for which the owner has the right to direct how the funds
are invested including Keoghs and other Self-Directed Retirement
Accounts. Unincorporated Association: An
account owned by an association of two or more persons
formed for some religious, educational, charitable, social or other
non-commercial purpose. Revocable
Trusts: Including PODs and formal revocable trusts
(e.g. Living Trusts, Intervivos Trusts or Family
Trusts). Irrevocable
Trusts: Accounts held by a trust established by
statute or written trust in which the grantor relinquishes all power to
revoke the trust. |
Character (2).
|
{{8-29-08 p.3088.11}}
| Field
name |
Field description |
Comments |
Format
|
|---|
|
|
Government
Accounts: Accounts owned by a government entity
(e.g. City, State, County or Federal government entities and their
sub-divisions). Employee Benefit
Plan: Accounts established by the administrator of
an Employee Benefit Plan including defined contribution, defined
benefit and employee welfare plans. Other
Accounts:Accounts owned by an entity not described
above. |
| 15. DP_Prod_Cat |
Product
Category The product classification.
Possible values are: • DDA =
Non-Interest Bearing Checking
accounts. • NOW = Interest Bearing
Checking accounts. • MMA = Money Market
Deposit Accounts. • SAV = Other
savings accounts. • CDS = Time
Deposit accounts and Certificate of Deposit accounts,
including any accounts with specified maturity dates that may or may
not be renewable. |
Product Category is sometimes referred to as
"application type" or "system type". |
Character
(3). |
| 16. DP_Stat_Code |
Status Code Status
or condition of the account. Possible values are:
• O = Open. • D =
Dormant. • I = Inactive. • E =
Escheatment. • A = Abandoned.
• C = Closing. • R =
Restricted/Frozen/Blocked. |
|
Character
(1). |
| 17. DP_Acct_Title_1 |
Account Title Line
1 Account styling or titling of the
account. |
These data will be used to identify the owners and
beneficiaries of the account. |
Character
(100). |
| 18. DP_Acct_Title_2 |
Account Title Line
2 If available, the second account
title line. |
|
Character (100).
|
{{8-29-08 p.3088.12}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 19. DP_Acct_Title_3 |
Account Title Line
3 If available, the third account
title line. |
|
Character
(100). |
| 20. DP_Acct_Title_4 |
Account Title Line
4 If available, the fourth account
title line. |
|
Character
(100). |
| 21. DP_Street_Add_Ln_1 |
Street Address Line
1 The current account statement
mailing address of record. |
|
Character
(100). |
| 22. DP_Street_Add_Ln_2 |
Street Address Line
2 If available, the second mailing
address line. |
|
Character
(100). |
| 23. DP_Street_Add_Ln_3 |
Street Address Line
3 If available, the third mailing
address line. |
|
Character
(100). |
| 24. DP_City |
City The city
associated with the mailing address. |
|
Character
(50). |
| 25. DP_State |
State The state
abbreviation associated with the mailing address. |
Use
a two-character state code (official U.S. Postal Service
abbreviations). |
Character
(2). |
| 26. DP_ZIP |
ZIP The ZIP + 4 code
assoc- iated with the mailing address. |
If the
"+4" code is not available provide only the 5-digit ZIP code.
Hyphens are optional in this field. |
Character
(10). |
| 27. DP_Country |
Country The country
associated with the mailing address. |
Provide the
country name or the standard IRS country code. |
Character
(10). |
| 28. DP_NA_Line_1 |
Name/Address Line
1 Alternate name/address format for
the current account statement mailing address of record, first line.
|
Fields 28--33 are to be used if address data are not parsed to
populate Fields 17--27. |
Character
(100). |
| 29. DP_NA_Line_2 |
Name/Address Line
2 Alternate name/address format,
second line. |
|
Character
(100). |
| 30. DP_NA_Line_3 |
Name/Address Line
3 Alternate name/address format,
third line. |
|
Character
(100). |
| 31. DP_NA_Line_4 |
Name/Address Line
4 Alternate name/address format,
fourth line. |
|
Character
(100). |
| 32. DP_NA_Line_5 |
Name/Address Line
5 Alternate name/address format,
fifth line. |
|
Character
(100). |
| 33. DP_NA_Line_6 |
Name/Address Line
6 Alternate name/address format,
sixth line. |
|
Character (100).
|
{{8-29-08 p.3088.13}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 34. DP_Cur_Bal |
Current Balance The
current balance in the account at the end of business on
the effective date of this file. |
This balance should not be reduced
by float or holds. For CDs and time deposits, the balance should
reflect the principal balance plus any interest paid and available for
withdrawal not already included in the principal (do not include
accrued interest). The total of all current balances in this file
should reconcile to the total deposit trial balance totals or other
summary reconciliation of deposits performed by the
institution. |
Decimal (14,2). |
| 35. DP_Int_Rate |
Interest
Rate The current interest rate in
effect for interest bearing accounts. |
Interest rate should be
expressed in decimal format, i.e., 2.0% should be represented as
0.020000000. |
Decimal (10,9). |
| 36. DP_Acc_Int |
Accrued
Interest The amount of interest that
has been earned but not yet paid to the account as of the date of the
file. |
|
Decimal (14,2). |
| 37. DP_Lst_Int_Pd |
Date Last
Interest Paid The date through which
interest was last paid to the account. |
|
Date
(YYYYMMDD). |
| 38. DP_Lst_Deposit |
Date Last
Deposit The date of the last deposit
transaction posted to the account. |
For example, a deposit that
included checks and/or
cash. |
Date (YYYYMMDD). |
| 39. DP_Int_Term_No |
Interest
Term Number The number of months in
the current interest term. |
|
Decimal
(3,0). |
| 40. DP_Nxt_Mat |
Date of Next
Maturity For CD and time deposit
accounts, the next date the account is to mature. |
For
non-renewing CDs that have matured and are waiting to be redeemed this
date may be in the
past. |
Date (YYYYMMDD). |
| 41. DP_Open_DT |
Account
Open Date The date the account was
opened. |
If the account had previously been closed and
re-opened, this should reflect the most recent re-opened
date. |
Date (YYYYMMDD). |
| 42. DP_Sweep_Code |
Sweep
Code Indicates if the account is a
sweep account. Possible values are: • Y =
Yes. • N = No. |
|
Character (1).
|
{{8-29-08 p.3088.14}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 43. DP_Hold_To_Post |
Full Hold on the account: Indicator if
all postings to this account are restricted. Possible values
are: • Y = Yes. • N = No. |
|
Character
(1). |
| 44. DP_Issue_Val_Amt |
Issued Value
Amount The value of the current CD
when issued. |
For CDs only |
Decimal
(14,2). |
| 45. DP_Int_CD_Cde |
Type of Interest for
CD Possible values are: • C = Rate Change
Allowed. • N = Rate Change Not
Allowed. • R = change Rate to
Default at Renewal. • T = Rate Change
Allowed Only During the Term. |
For CDs
only. |
Character (1). |
| 46. DP_IR_Cde |
IRA
Code The type of IRA. Possible values
are: • C = Corporate
Retirement • E = Educational
IRA. • I = IRA Account. • K = Keogh Account. • R = Roth
IRA Account. • S = SEP Account. • T = Transitional Roth
IRA. • V - Versa Account. • H =
Health Savings Account. |
Optional code field to be used
if available to help further identify the types of IRA
accounts. |
Character (1). |
| 47. DP_Deposit_Class_Type |
Deposit
Class Type The deposit class.
Possible values are: • RTL =
Retail. • FED = Federal
government • STATE = State
government. • COMM =
Commercial. • CORP = Corporate. • BANK = Bank
Owned. • DUE TO = Other Banks. |
The institution
may also use more or fewer class types. |
Character
(10).
|
{{8-29-08 p.3088.15}}
| Field
name |
Field
description |
Comments |
Format |
|---|
| 48. DP_Product_Class_Cde |
Deposit
Class Codes The deposit class codes.
Possible values are: RTL • 1 =
Payable on Death. • 2 = Individual. • 3 = Living
Trust--Intervivos or Family. • 4 = Irrevocable Trust
(includes Educational IRAs). • 5 =
Estate. • 6 = Attorney in Fact. • 7 = Minor--(includes
all variations of Uniform Gifts to Minor
Accounts). • 8 = Bankruptcy
Personal. • 9 = Pre-need
Burial. • 10 = Escrow. • 11 = Representative
Payee/Beneficiary. • 12 = Sole
Proprietorship. • 13 =
Joint. • 14 = Non-Minor Custodian/Guardian. • 15 = Other
Retail. FED • 16 = FHA. • 17 = Federal
Government. STATE • 18 =
City. • 19 = State. • 20 = County, Clerk of
Court. • 21 = Other
State. COMMERCIAL • 22 = Business Escrow. • 23 =
Bankruptcy. • 24 = Club. • 25 = Church. • 26 =
Unincorporated Association. • 27 =
Unincorporated Non-Profit. • 28 =
Other Commercial. CORPORATION • 29 =
Business Trust. • 30 = Business Agent. • 31 = Business
Guardian. • 32 = Incorporated
Association. • 33 = Incorporated
Non-Profit. |
|
| Field
name |
Field
description |
Comments |
Format
{{8-29-08 p.3088.16}}
|
|---|
|
• 34 = Corporation. • 35 = Corporate
Partnership. • 36 = Corporate
Partnership Trust. • 37 = Corporate
Agent. • 38 = Corporate
Guardian. • 39 = Pre-Need Funeral
Trust. • 40 = Limited Liability
Incorporation. • 41 = LLC
partnership. • 42 = Lawyer Trust. • 43 = Realtor
Trust. • 44 = Other Corporation. BANK • 45 = Certified &
Official Checks, Money Orders, Loan Disbursements Checks,
and Expense Checks. • 46 = ATM Settlement. • 47
= Other Bank Owned Accounts. DUE TO
(Other Banks) • 48 = Due to U.S.
Banks. • 49 = Due to U.S.
Branches of Foreign Banks. • 50 = Due
to Other Depository Institutions. • 51
= Due to Foreign Banks. • 52 = Due to
Foreign Branches of U.S. Banks. • 53 =
Due to Foreign Governments and Official
Institutions. |
These Product Class coded are used in conjunction
with the Deposit Class Types in field 51. This field is to be used in
concert with fields 12 and 13 identified above to enable the financial
institution to capture more detailed information concerning account
types. It is the intent of the FDIC to have the financial institution
map its detailed account types to the codes identified in this field.
The institution may also use additional codes, but in this event the
institution must supply the detailed description and code value for
each additional code used. If no additional account product type detail
is available then this field should be left blank. |
Character
(2).
|
[Codified to 12 C.F.R. Part 360, Appendix C]
[Appendix C added at 73 Fed. Reg. 41198, July 17, 2008, effective
August 18, 2008]
Appendix D to Part 360--Sweep/Automated Credit Account File
Structure
This is the structure of the data file to provide information to the
FDIC on funds residing in investment vehicles linked to each non-closed
deposit account or sub-account: (1) Involved in sweep activity where
the sweep investment vehicle is not a deposit and is reflected on the
books and records of the covered institution or (2) which accepts
automated credits. A single record should be used for each instance
where funds affiliated with the deposit account are held in an
alternative investment vehicle. For any alternative investment vehicle,
a separate account may or may not exist. If an account exists for the
investment vehicle, it should be noted in the record. If no account
exists, then a null value for the Sweep/Automated Credit Account
Identifiers should be provided, but the remainder of the data fields
defined below should be populated.
{{8-29-08 p.3088.17}}
For data provided in the Sweep/Automated Credit Account File, the
total account balances and the number of accounts must be reconciled to
subsidiary system control totals. The file will be in a tab- or
pipe-delimited ASCII format. The files will be encrypted using an
FDIC-supplied algorithm. The FDIC will trnasmit the encryption
algorithm over
FDICconnect.
| Field
name |
Field description |
Comments |
Format
|
|---|
| 1. DP_Acct_Identifier |
Account
Identifier The primary field used to
identify the account from which funds are swept or
debited. This field may be the Account Number. |
The Account
Identifier may be composed of more than one physical data element. If
multiple fields are required to identify the account, data should be
placed in separate fields and the FDIC instructed how these fields are
combined to uniquely identify the account. |
Character
(25). |
| 2. DP_Acct_Identifier--2 |
Account
Identifier--2 If necessary, the second element used
to identify the account from which funds are swept or
debited. |
|
Character (25). |
| 3. DP
Acct_Identifier--3 |
Account Identifier--3 If
necessary, the third element used to identify the account
from which funds are swept or debited. |
|
Character
(25). |
| 4. DP_Acct_Identifier--4 |
Account
Identifier--4 If necessary, the fourth
element used to identify the account from which funds are
swept or debited. |
|
Character
(25). |
| 5. DP_Acct_Identifier--5 |
Account
Identifier--5 If necessary, the fifth
element used to identify the account from which funds are
swept or debited. |
|
Character
(25). |
| 6. DP_Sub_Acct_Identifier |
Sub-Account
Identifier If available, the
sub-account identifier for the account. |
The
Sub-Account Identifier may identify separate deposits tied to this
account where there are different processing parameters such as
interest rates or maturity dates, but all owners are the
same. |
Character (25).
{{8-29-08 p.3088.18}} |
| 7. SW_Acct_Identifier |
Sweep/Automated Credit Account
Identifier The primary field used to
identify the account into which funds are swept or credited. This field
may be the Account Number. |
Funds may be swept into an investment
vehicle not represented as an account. In this case this field should
be a null value. The Sweep/Automated
Credit Account Identifier may be composed of more than
one physical data element. If multiple fields are required to identify
the account, data should be placed in separate fields and the FDIC
instructed how these fields are combined to uniquely identify the
account. |
Character (25).
|
| 8. SW_Acct_Identifier--2 |
Sweep/Automated Credit Account
Identifier--2 If necessary, the second
element of the account identifier used to identify the
account into which funds are swept or credited. |
|
Character
(25). |
| 9. SW_Acct_Identifier--3 |
Sweep/Automated Credit
Account Identifier--3 If necessary, the third
element of the account identifier used to identify the
account into which funds are swept or credited. |
|
Character
(25). |
| 10. SW_Acct_Identifier--4 |
Sweep/Automated Credit Account
Identifier--4 If necessary, the fourth
element of the account identifier used to identify the
account into which funds are swept or credited. |
|
Character
(25). |
| 11. SW_Acct_Identifier--5 |
Sweep/Automated Credit Account
Identifier--5 If necessary, the fifth
element of the account identifier used to identify the
account into which funds are swept or credited. |
|
Character
(25). |
| 12. SW_Sub_Acct_Identifier |
Sweep/Automated Credit
Sub-Account Identifier If available, the sub
account identifier for the account. |
|
Character (25).
{{8-29-08 p.3088.19}} |
| 13. SW_Type |
Sweep/Automated Credit
Type |
The investment vehicle.
Possible values are: • RE = Repurchase
Agreement. • DD = Deposit Held in
a Domestic Office. • DF = Deposit Held
in a Foreign Office. • IBF = Deposit
Held in an International Banking
Facility. • AI = Deposit Held in a
affiliated depository
institution. • FF = Federal Funds. • CP =
Commercial Paper. • OT = Other.
|
Character (3). |
| 14. SW_Inv_Amount |
Fund Balance in
Sweep/Automated Credit Investment Vehicle. Dollar
amount residing in the investment vehicle. |
|
Decimal (14,2). |
| 15. SW_Currency_Type |
Currency
Type The ISO 4217 currency code.
|
|
Character (3). |
| 16. SW_Hold_Amount |
FDIC Hold
Amount Amount of FDIC hold on funds
residing in the investment vehicle. |
|
Decimal
(14,2). |
| 17. SW_Sweep_Interval |
Sweep/Investment
Frequency The frequency with which
the sweep or invesment occurs. Possible values
are: • D = Daily. • W = Weekly. • BW =
Bi-Weekly. • M = Monthly. • BM = Bi-Monthly. • Q =
Quarterly. • O = Other. |
|
Character (2).
|
[Codified to 12 C.F.R. Part 360, Appendix D]
[Appendix D added at 73 Fed. Reg. 41203, July 17, 2008, effective
August 18, 2008]
Appendix E to Part 360--Hold File Structure
This is the structure of the data file to provide information to the
FDIC for each legal or collateral hold placed on a deposit account or
sub-account. If data or information are not maintained or do not apply,
a null value in the appropriate field should be indicated. The file
will be in a tab- or pipe-delimited ASCII format. Each file name will
contain the institution's FDIC Certificate Number, an indication that
it is a hold data file type and the date of the extract. The files will
be encrypted using an FDIC-supplied algorithm. The FDIC will transmit
the encryption algorithm over FDICconnect.
{{8-29-08 p.3088.20}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 1. DP_Acct_Identifier |
Account
Identifier The primary field used to
identify the account. This field may be the Account
Number. |
The Account Identifier may be composed of more than one
physical data element. If multiple fields are required to identify the
account, data should be placed in separate fields and the FDIC
instructed how these fields are combined to uniquely identify the
account. |
Character (25). |
| 2. DP_Acct_Identifier--2 |
Account
Identifier--2 If necessary, the second element used
to identify the account. |
|
Character (25). |
| 3. DP
Acct_Identifier--3 |
Account Identifier--3 If
necessary, the third element used to identify the
account. |
|
Character
(25). |
| 4. DP_Acct_Identifier--4 |
Account
Identifier--4 If necessary, the fourth
element used to identify the account.
|
|
Character (25). |
| 5. DP_Acct_Identifier--5 |
Account
Identifier--5 If necessary, the fifth
element used to identify the account.
|
|
Character
(25). |
| 6. DP_Sub_Acct_Identifier |
Sub-Account
Identifier If available, the
sub-account identifier for the account. |
The
Sub-Account Identifier may identify separate deposits tied to this
account where there are different processing parameters such as
interest rates or maturity dates, but all owners are the
same. |
Character (25). |
| 7. HD_Hold_Amt |
Hold
Amount Dollar amount of the
hold. |
|
Decimal (14,2).
|
{{8-29-08 p.3088.21}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 8. HD_Hold_Reason |
Hold Reason Reason
for the hold. Possible values
are: • LN = Loan Collateral
Hold. • LG = Court Order
Hold. • FD = FDIC hold. • OT =
Other (do not include daily operational type
holds). |
|
Character (2). |
| 9. HD_Hold_Desc |
Hold
Description Description of the hold available on
the system. |
|
Character
(255). |
| 10. HD_Hold_Start_Dt |
Hold Start
Date The date the hold was
initiated. |
|
Date (YYYYMMDD). |
| 11. HD_Hold_Exp_Dt |
Hold
Expiration Date The date the hold is to
expire. |
|
Date (YYYYMMDD).
|
[Codified to 12 C.F.R. Part 360, Appendix E]
[Appendix E added at 73 Fed. Reg. 41205, July 17, 2008, effective
August 18, 2008]
Appendix F to Part 360--Customer File Structure
This is the structure of the data file to provide to the FDIC
information related to each customer who has an account or sub-account
reported in the deposit data or sweep/automated credit account file. If
data or information are not maintained or do not apply, a null value in
the appropriate field should be indicated. The file will be in a tab-
or pipe-delimited ASCII format. Each file name will contain the
institution's FDIC Certificate Number, an indication that it is a
customer file type and the date of the extract. The files will be
encrypted using an FDIC-supplied algorithm. The FDIC will transmit the
encryption algorithm over FDICconnect.
Note: Each record must contain the customer's name and
permanent legal address. Fields 4--12 relate to the customer name for
individuals only. Fields 13--14 relate to the customer name for
entities other than individuals. Some systems provide for separate
fields for name, street address, city, state, ZIP, and country, all of
which are parsed out. Others systems may simply provide multiple lines
for name, street address, city, state, ZIP, with no distinction. In
this case, certain name and address data elements must be parsed and
provided in the appropriate
fields.
| Field
name |
Field description |
Comments |
Format
|
|---|
| 1. CS_Cust_Identifier |
Customer
Identifier The unique field used by
the institution to identify the customer. |
|
Character (25). |
| 2. CS_Tax_ID |
Customer Tax ID
Number The tax identification number on record for the
customer. |
Hyphens are optional in this field |
Character
(11).
|
{{8-29-08 p.3088.22}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 3. CS_Tax_Code |
Customer Tax ID Code The
type of the tax identification number of the customer.
Possible values are: • S = Social Security
Number. • T = Federal Tax
Identification Number. • O = Other.
|
|
Character (1). |
| 4. CS_Name_Line_1 |
Individual
Customer Name Line 1 If available, the free-
form name narrative of the customer, first line.
|
|
Character (100). |
| 5. CS_Name_Line 2 |
Individual
Customer Name Line 2 If available, the free-
form name narrative of the customer, second line.
|
|
Character (100). |
| 6. CS_Last_Name |
Individual
Customer Last Name For individuals, the
customer's last name. |
This field is required if the
data element is in the institution's records. If necessary, data
should be parsed from fields 4 or 5 to obtain this element.
|
Character (50). |
| 7. CS_First_Name |
Individual Customer
First Name For individuals, the
customer's first name. |
This field is required if the
data element is in the institution's records. If necessary, data
should be parsed from fields 4 or 5 to obtain this
element. |
Character (50). |
| 8. CS_Middle_Name |
Individual
Customer Middle Name For Individuals, the customer's middle
name. |
This field is required if the data element is in the
institution's records. If necessary, data should be parsed from fields
4 or 5 to obtain this element. |
Character
(50). |
| 9. CS_Suffix |
Individual Professional
Suffix For individuals, the suffix
designating customer's academic, professional or
honorary status, such as Esq., Ph.D., M.D., and D.D.S. |
This field is
required if the data element is in the institution's records. If
necessary, data should be parsed from fields 4 or 5 to obtain this
element. |
Character (20). |
| 10. CS_Generation |
Individual
Generational Suffix For individuals, the suffix
designating the customer's generational status, such as
Jr., Sr. or III. |
This field is required if the data element is in
the institution's records. If necessary, data should be parsed from
fields 4 or 5 to obtain this element. |
Character
(10).
|
| Field
name |
Field
description |
Comments |
Format
{{8-29-08 p.3088.23}}
|
|---|
| 11. CS_Prefix |
Individual Customer
Prefix For individuals, the prefix of
the customer, such as Rev., Dr., Mrs., Mr. or Ms. |
This field is
required if the data element is in the institution's records. If
necessary, data should be parsed from fields 4 or 5 to obtain this
element. |
Character (10). |
| 12. CS_Birth_Dt |
Individual
Customer Birth Date For individuals, the
customer's birth
date. |
|
Date (YYYYMMDD). |
| 13. CS_Ent_Name_Line_1 |
Entity
Name Line 1 For entities other than
individuals, the free-form name narrative of the
customer, first line. |
|
Character
(100). |
| 14. CS_Ent_Name_Line_2 |
Entity Name Line
2 If available for entities other
than individuals, the free-form name narrative of the customer, second
line. |
|
Character
(100). |
| 15. CS_Nar_Addr_Line_1 |
Customer Address Line
1 If available, the free-form
permanent legal address narrative of the customer, line
one. |
|
Character
(100). |
| 16. CS_Nar_Addr_Line_2 |
Customer Address Line
2 If available, the free-form
permanent legal address narrative of the customer, line
two. |
|
Character
(100). |
| 17. CS_Nar_Addr_Line_3 |
Customer Address Line
3 If available, the free-form
permanent legal address narrative of the customer, line
three. |
|
Character
(100). |
| 18. CS_Street_Address_1 |
Street Address Line
1 The permanent legal ad- dress of
the customer, line one. |
This field is required. If necessary, data
should be parsed from fields 16 or 17 to obtain this
element. |
Character (100). |
| 19. CS_Street_Address_2 |
Street
Address Line 2 The permanent legal ad-
dress of the customer, line two. |
This field is
required. If necessary, data should be parsed from fields 16 or 17 to
obtain this element. |
Character
(100). |
| 20. CS_City |
City The city
associated with the permanent legal address. |
This
field is required. If necessary, data should be parsed from fields 16
or 17 to obtain this element. |
Character (25).
|
{{8-29-08 p.3088.24}}
| Field
name |
Field description |
Comments |
Format
|
|---|
| 21. CS_State |
State The state
abbreviation associated with the permanent legal address.
|
This field is required. If necessary, data should be parsed from
fields 16 or 17 to obtain this element. Use a two-character state code
(official U.S. Postal Service abbreviations). |
Character
(2). |
| 22. CS_ZIP |
ZIP The ZIP + 4 code
associated with the permanent legal address. |
This field is
required. If necessary, data should be parsed from fields 16 or 17 to
obtain this element. If the "+4" code is not available, provide
only the 5-digit ZIP code. Hyphens are optional in this
field. |
Character
(10). |
| 23. CS_Country |
Country The country
associated with the permanent legal address. |
This
field is required. If necessary, data should be parsed from fields 16
or 17 to obtain this element. Provide the name of the country or the
standard IRS country code. |
Character
(10). |
| 24. CS_Telephone |
Customer Telephone
Number The telephone number on record
for the customer. |
|
Character
(20). |
| 15. CS_Email |
Customer Email
Address The e-mail address on record
for the customer. |
|
Character (150).
|
[Codified to 12 C.F.R. Part 360, Appendix F]
[Appendix F added at 73 Fed. Reg. 41206, July 17, 2008, effective
August 18, 2008]
Appendix G to Part 360--Deposit-Customer Join File Structure
This is the structure of the data file to provide to the FDIC
information necessary to link the records in the deposit and customer
files. If data or information are not maintained or do not apply, a
null value in the appropriate field should be indicated. The file will
be in a tab- or pipe-delimited ASCII format. Each file name will
contain the institution's FDIC Certificate Number, an indication that
it is a join file type and the date of the extract. The files will be
encrypted using an FDIC-supplied algorithm. The FDIC will transmit the
encryption algorithm over FDICconnect.
The deposit-customer join file will have one or more records for
each deposit account, depending on the number of relationships to each
account. A simple individual account, for example, will be associated
with only one record in the deposit-customer join file indicating the
owner of the account. A joint account with two owners will be
associated with two records in the deposit-customer join file, one for
each owner. The deposit-customer join file will contain other records
associated with a deposit account to designate, among other things,
beneficiaries, custodians, trustees and agents. This methodology allows
the FDIC to know all of the possible relationships for an individual
account and also whether a single customer is involved in many
accounts.
{{8-29-08 p.3088.25}}
| Field
name |
FDIC Field description |
Comments |
Format
|
|---|
| 1. CS_Cust_Identifier |
Customer
Identifier The unique field used by
the institution to identify the customer. |
|
Character (25). |
| 2. DP_Acct_Identifier |
Account
Identifier The primary field used to identify the
account. This field may be the Account Number. |
The Account
Identifier may be composed of more than one physical data element. If
multiple fields are required to identify the account, the data should
be placed in separate fields and the FDIC instructed how these fields
are combined to uniquely identify the account. |
Character
(25). |
| 3. DP_Acct_Identifier--2 |
Account
Identifier--2 If necessary, the second element used
to identify the account. |
|
Character (25). |
| 4. DP
Acct_Identifier--3 |
Account Identifier--3 If
necessary, the third element used to identify the
account. |
|
Character
(25). |
| 5. DP_Acct_Identifier--4 |
Account
Identifier--4 If necessary, the fourth
element used to identify the account.
|
|
Character (25). |
| 6. DP_Acct_Identifier--5 |
Account
Identifier--5 If necessary, the fifth
element used to identify the account.
|
|
Character
(25). |
| 7. DP_Sub_Acct_Identifier |
Sub-Account
Identifier If available, the
sub-account identifier for the account. |
The
Sub-Account Identifier may identify separate deposits tied to this
account where there are different processing parameters such as
interest rates or maturity dates, but all owners are the
same. |
Character (25).
|
{{8-29-08 p.3088.26}}
| Field
name |
FDIC Field description |
Comments |
Form
|
|---|
| 8. CS_Rel_Code |
Relationship Code The
code indicating how the customer is related to the account. Possible
values are: • ADM = Administrator. • AGT =
Agent/Representative. • ATF = Attorney
For. • AUT = Authorized Signer.
• BNF = Beneficiary. • CSV =
Conservator. • CUS = Custodian. • DBA
= Doing Business As. • EXC =
Executor. • GDN = Guardian. • MIN =
Minor. • PRI = Primary Owner.
• SEC = Secondary
Owner(s). • TTE = Trustee.
|
Institutions must map their relationship codes to the codes in the
list to the left. If the institution maintains more relationships they
must supply the additonal relationship codes being utilized along with
the code definition. |
Character
(5). |
| 9. CS_Bene_Code |
Beneficiary Type Code If the
customer is considered a beneficiary, the type of account associated
with this customer. Possible values are: • I =
IRA. • T = Trust--Irrevocable. • R =
Trust--Revocable. • M = Uniform Gift to
Minor. • P = Payable on
Death. • O = Other. |
This includes beneficiaries on retirement
accounts, trust accounts, minor accounts, and payable-on-death
accounts. |
Character (1).
|
[Codified to 12 C.F.R. Part 360, Appendix G]
[Appendix G added at 73 Fed. Reg. 41207, July 17, 2008,
effective August 18, 2008]
{{8-29-08 p.3088.27}}
Appendix H to Part 360--Possible File Combinations for Deposit
Data
A covered institution must provide deposit data using separate
deposit, sweep/automated credit, hold, customer, and deposit-customer
join files. the simplest file structure involves providing one of each
file. This basic file format is shown in Figure
1.
Multiple combinations of deposit, sweep/automated credit, hold,
customer, and deposit-customer join files are permissible, but only in
the following circumstances:
1. Each separate deposit file must have companion sweep/automated
credit and hold files covering the same deposit accounts.
2. A single customer file may be submitted covering customers
affiliated with deposit accounts in one or more deposit files as long
as the customer file contains information on all of the customers
affiliated with the deposit files.
3. Several customer files may be submitted as long as each separate
customer file contains information on all of the customers affiliated
with the associated deposit files.
Figure 2 shows a permissible file configuration using a single
Customer File affiliated with Deposit File A and Deposit File B. As
required, Deposit File A has a companion Sweep/Automated Credit File A
and Hold File A. The same is true for Deposit File B.
Another permissible combination of files is shown in Figure 3, which
is a variation of the basic data file structure shown in Figure
1.
{{8-29-08 p.3088.28}}
{{8-29-08 p.3088.29}}
[Codified to 12 C.F.R. Part 360, Appendix H]
[Appendix H added at 73 Fed. Reg. 41208, July 18, 2008, effective
August 18, 2008]
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