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#1257204 - 09/25/09 05:40 PM Reg F
osoalone Offline
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Joined: Dec 2003
Posts: 146
Texas
One of the questions in a sample audit I've come across on Due From Banks is: "Does the Interbank Liabilities Policy address terminating correspondent relationships?" Reg F states "A bank shall establish policies and procedures that take into account credit and liquidity risks, including operational risks, in selecting correspondents and terminating thos relationships.
What exactly would you put in your policy to address terminating a relationship? The factors that would call for terminating a relationship or the actual procedures for terminating a relationship?

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#1257571 - 09/26/09 05:29 PM Re: Reg F osoalone
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Policy: factors - triggers to begin closer watching, trigger for actual termination, and timing, who must authorize.

Separate procedure for the actual mechanics.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1258012 - 09/28/09 06:48 PM Re: Reg F Kathleen O. Blanchard
rexinaudit Offline
Gold Star
rexinaudit
Joined: Dec 2001
Posts: 292
New England
Does anyone have a Reg F/ Due From Banks audit program thay can share? or a link to one? One for a community bank of approximately 1 billion in assets would be good.
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My opinions are not legal advice, not my employer's, and may change anytime.

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#1263227 - 10/07/09 07:14 PM Re: Reg F rexinaudit
osoalone Offline
100 Club
Joined: Dec 2003
Posts: 146
Texas
Thanks so much Ms Kaybee. That's what I was thinking.

rexinaudit I am a very small community bank, so my audit probably would not be sufficient for yours.

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#1265159 - 10/09/09 09:55 PM Re: Reg F osoalone
msboo Offline
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Joined: May 2006
Posts: 260
osoalone, what's your asset size?

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#1268116 - 10/16/09 05:33 PM Re: Reg F msboo
osoalone Offline
100 Club
Joined: Dec 2003
Posts: 146
Texas
We're very small. $60

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