Record Retention Schedule Needed

Answered by:

Question:

I have been searching for a clear and current Financial Institution Record Retention schedule. Do you know of any resources for this material? I have been newly assigned to "revamping" our current retention schedule. Many of the problems I am running up against pertain to newer technologies used in banking, such as Internet Banking.

Answer:

Answer by Jim Bedsole:

The American Bankers Association has a Record Retention Manual that is very good. The internet doesn't really change any retention requirements just the methodology.

Answer:

Answer by Barbara McGuire:

There are a few out there...but I have one "in process" you're welcome to ... It's broken down by administrative areas...we've entered the regs, info from the state schedule and a few vendors...we're in the middle of cleaning it up...but you're welcome to seeing what I have so far. Send me an email and I'll get it out to you.

First published on BankersOnline.com 06/9/03