What are the FDIC’s expectations regarding the processing of the provisional hold removals and the net debit to the account?
Once the provisional hold is removed these freed funds must be available for the net debit to the account. Funds released by the provisional holds should not be used to satisfy other transactions until the net debit is posted. If the FDIC provides a second Non-Monetary Transaction file that includes a new hold against the account, this hold should be placed so as to immediately capture the funds released by the provisional hold. Back to top STANDARD DATA FILE STRUCTURE AND FORMAT The rule requires an extract of depositor and customer data to be provided in a standard format in five files: Deposit, Sweep/Automated Credit Account, Hold, Customer and Deposit-Customer Join. Should all deposit accounts be reported in a single Deposit file or are multiple sets of files permissible? All data could be provided through one set of files but multiple sets are permissible. Appendix H to the rule provides requirements for multiple file sets.
