You don't give us enough information to opine. Who's funds are they and where are they now.
Request Funds Bank from Fed-Untimely Request
We just acquired a bank and there are two particular accounts on which we requested funds back from this bank through the Fed about a year and a half ago. We were denied due “to untimely request”. The funds are now part of our company and we are wondering if we can just transfer those funds to our recovery GL? I understand that we would have to document every step but how do regulators feel about something like that.
First published on 12/23/2018