RC-O Memo Line 1: Not Consistent With RC-O Line 1 (Doc ID 2744334.1)

Last updated on JANUARY 19, 2021

Applies to:

Symptoms

Report: FRY9C, FFIEC031/041
Schedule: RC-O Memo 1

F049, F051
F045 F047

Sum of Memorandum items 1.a.(1), 1.b.(1), 1.c.(1), and 1.d.(1) must equal Schedule RC-O, item 1

RC-O line item 1 F236

As per the instructions RC-O M.1 must report all deposit liabilities reported in line item RC-O 1 which in turn must report all deposit liabilities reported in schedule HC-E/RC-E.

However looking at the Oracle configuration, following differences are observed:
1. Security amount config is available in HC-E, RC-E as part of non-interest bearing deposits and RC-O line 1 but not in RC-O memo line 1
2. Commitment refundable Fee configuration is available in HC-E,RC-E as part of non-interest bearing deposits and RC-O line 1 but not in RC-O memo line 1
3. Advance Payment on loan: is available in HC-E,RC-E as part of non-interest bearing deposits and RC-O line 1 but not in RC-O memo line 1
4. RC-O line 1 has rep lines associated to all deposits in domestic and foreign offices using rep line codes 9110000916-9110000931, and 9110001051-9110001066. Similar rep lines should be part of RC-O memo line 1 as well.

Clarification required on all the 4 discrepancies mentioned above.

Cause

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