If you ask the First National Bank of Boston-they'll tell you Proof and Transit are VERY important-$90,000 worth at a time, as a matter of fact!
In the last issue of BANKERS' HOTLINE we talked about using more than just a signature card to open a new account.
One of the things that makes life interesting for the compliance officer is the total unpredictability of the regulators.
September 1, 1990 is the target date for the permanent schedule to take effect for all financial institutions.
"A New Branch? That's News To Me!"