Lines A1c and A2.


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Escrow Accounts. Pulled back inside of 6 days from date of store. Not qualifying non ... Bank accounts which permit exchange points of confinement to be surpassed ...
Transcripts
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Lines A1c and A2

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Transaction Accounts What is an exchange account? Exchanges or Withdrawals through: ATMs Checks Debit Cards Unlimited measure of exchanges

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Transaction Accounts Always viewed as exchange records: Demand Deposits NOW Accounts Share Draft Accounts ATS (programmed exchange administration) Accounts

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Line A1C (Other Demand Deposits) Include stores held for : Individuals, Partnerships, Corporations, State & Local Governments Foreign Governments and International Institutions US Government Agencies

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Line A1C (Other Demand Deposits) Include: Official Checks Cashier\'s Checks Teller\'s Checks Money Orders Traveler\'s Checks or Teller\'s Checks whose assets have not cleared

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Line A1C (Other Demand Deposits) Primary Obligations Mature/Demandable in under 7 days Money Orders drawn on the bank and remarkable on the report date Unposted Credits Suspense Accounts

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Line A1C (Other Demand Deposits) Escrow Accounts Withdrawn inside 6 days from date of store Not qualifying non-exchange accounts Time stores Early withdrawal Matured Savings accounts which permit exchange cutoff points to be surpassed

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Line A1C (Other Demand Deposits) Exclude: Escrow Funds held in DI\'s Trust Department Overdrawn Accounts (report as zero) Deposits because of Depository Institutions (A1a) Deposits because of U.S. Government (A1b) Savings Deposits (C1) Time Deposits (D1/F1)

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Line A1C (Other Demand Deposits) Common reporting mistakes: Reporting Overdrawn Accounts Failure to report Unposted Credits Suspense Accounts Official Checks

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Line A2 (ATS, NOW/Share Drafts, and Telephone and Preauthorized exchanges)

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Line A2 (ATS, NOW/Share Drafts, and Telephone and Preauthorized exchanges) Include: Interest Bearing Checking Accounts (NOW) Automatic Transfer Service Accounts (ATS) Telephone and Preauthorized Transfer Accounts Share Drafts (for Credit Unions) Meet the meaning of a period store Allow installments to be made by outsiders Debit Cards ATM\'s Remote Service Unit

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Eligible to hold NOW accounts: Individuals or Sole Proprietorships Nonprofit Organizations Domestic Government Units IOLTA Line A2 (ATS, NOW/Share Drafts, and Telephone and Preauthorized exchanges)

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Line A2 (ATS, NOW/Share Drafts, and Telephone and Preauthorized exchanges) Automatic Transfer Service Accounts (ATS) Overdraft insurance Automatic installments to reporting foundation Transfers made to a record to cover checks or drafts drawn on the reporting establishment Transfers made to keep up a base record equalization

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Line A2 (ATS, NOW/Share Drafts, and Telephone and Preauthorized exchanges) Telephone and Preauthorized Transfers Oral or Written Arrangement Unlimited Withdrawals Predetermined Time or on a Fixed Schedule Example: Automatic bill installment administrations offered by the reporting establishment.

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Line A2 (ATS, NOW/Share Drafts, and Telephone and Preauthorized exchanges) Share Draft Accounts Interest and Non-Interest bearing records Withdrawable on interest Credit Union maintains all authority to require up to 60 days earlier notice of withdrawal

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Line A2 (ATS, NOW/Share Drafts, and Telephone and Preauthorized exchanges) Common reporting mistakes: Including ineligible non-individual records Including exchange accounts that don\'t require advance composed notification of withdrawal Incorrect GL mapping into/out of A2

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Line A2 (ATS, NOW/Share Drafts, and Telephone and Preauthorized exchanges) IMPORTANT Account terms and exposures must express that the organization claims all authority to require 7 days advance composed notification of withdrawal. While these rights may not be worked out, not having them in the terms excludes them from being incorporated into line A2.

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Where do these records go? Line Item Account Holder A2 IOLTA Checking Account A1c Quality Inc. Financial records Jane Doe\'s overdrawn financial records A1c/A2 Girl Scouts enthusiasm bearing financial records A2 Lisa\'s offer draft account at ZY Credit Union A2

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Things To Consider Interest Bearing/Non-Interest Bearing Advance Notice of Withdrawal Account Disclosures/Terms Line A1c or Line A2 Type of Financial Institution Account Holder General Ledger

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Legitimate Differences Commercial Banks FR2900>FFIEC031/041 Primary Obligations Teller Checks Commingled Trust Accounts

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Legitimate Differences Savings and Loans FR2900>OTS 1313 Primary Obligations Tellers Checks FR2900<OTS 1313 2900 rejects escrow accounts that DI keeps appropriately isolated as trust assets.

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Legitimate Differences Credit Unions FR2900>NCUA 5300 Share Draft accounts that surpass exchange confines or are not checked FR2900<NCUA 5300 2900 bars equalizations at non-US branches of the credit union

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Lines A1C and A2 Questions????

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