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FFIEC031,041-RC-E Memo Line items 2.b, 2.c, 2.d filter condition issues (Doc ID 2677169.1)

Last updated on JUNE 10, 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.


REG REP USFED version:

Issue 1:

RC-E Memo Line Lines 2.b, 2.c doesn't reconcile with RC-E M3.a(1) through M3.a(4)

since RC-E Memo Line Lines 2.b, 2.c doesn't use Reg Deposit Type 'MTD'(Matured Time Deposits) while RC-E Memo Line 3.a. (RCONHK07) uses Reg Deposit Type 'MTD'

Here an account if already classified as 'MTDs' (Matured Time Deposits) means its non-renewable and thus could only be a transaction account

Issue 2:

Fed instructions:

Include as time deposits in Memorandum items 2.b, 2.c, and 2.d: All time deposits (as defined in the Glossary entry for "deposits") with
original maturities of 7 days or more that are not classified as transaction accounts.

Issue- The logic for Transaction Flag = N is missing for these Memo items 2.b, 2.c, and 2.d




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