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RC-E: M.1.b – Missed Handling Of Reciprocal Deposits Related Specific/Generic Caps (Doc ID 2662043.1)

Last updated on APRIL 29, 2020

Applies to:

Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.8 and later
Information in this document applies to any platform.

Goal

Following configuration on RC-E M.1.b regulations expected to be handled in Lombard is missing and needs to be fixed.
As per the instructions of this line item below, reciprocal deposits must be reported under broker deposits based on the classification of reporting bank as general cap and special cap.

General Cap
Under the general cap, an agent institution may except reciprocal deposits from treatment as brokered deposits up to the lesser of $5 billion or an amount equal to 20 percent of the agent institution’s total liabilities. An agent institution that holds reciprocal deposits in excess of the general cap should report such excess deposits as brokered deposits in this Memorandum item 1.b (and as brokered reciprocal deposits in Schedule RC-O, item 9, and, if applicable, item 9.a), and include such excess deposits as part of its total reciprocal deposits in Schedule RC-E, Memorandum item 1.g,

Special Cap
A special cap applies if the institution is either not well rated or not well capitalized.1 The special cap is defined as:
“the average amount of reciprocal deposits held by the agent institution on the last day of each of the 4 calendar quarters preceding the calendar quarter in which the agent institution was found not to have a composite condition of outstanding or good or was determined to be not well capitalized.”
 

Solution

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In this Document
Goal
Solution


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