Reg F

Posted By: Anonymous

Reg F - 03/31/09 07:39 PM

If I am reading the reg correctly, every bank needs a Reg F policy. My previous employer had one and the Board laughed at me every year that I brought it in because our only correspondent bank was Bank of America. They may not be laughing so hard anymore. At my new employer (OCC bank), they have no Reg F policy. Any problems with that?
Posted By: califgirl

Re: Reg F - 03/31/09 08:39 PM

Yes, probably. A policy is still required.
Posted By: edAudit

Re: Reg F - 04/01/09 01:01 PM

We were told (very nicely by the OCC) that they wanted us to rewrite our Reg F policy.

One is needed.