If a Covered Institution does not have any sweep accounts or automated credit accounts, is it necessary to generate a Sweep/Automated Credit Account file?
No. Back to top Explain the possible options for the field HD_Hold_Reason in the Hold file, especially what is meant by “daily operational type” holds. Generally the FDIC is interested in receiving information on loan collateral and court order holds. Daily operational holds, such as those related to the check-clearing process, should not be included in the Hold file. The amount of the FDIC provisional hold posted to the account also should be reported in the Hold file.
