Recordkeeping requirements reminder

FIL-7-2014 has been issued to remind FDIC-supervised institutions of the Final Rule published on December 19, 2013, consolidating separate recordkeeping and confirmation requirements for securities transactions that they conduct. The Rule rescinded a transitional rule for state savings associations and expanded the coverage of Part 344 to cover all FDIC-supervised institutions, while increasing to 500 transactions the threshold of the rule's Small Transaction Exception. The Final Rule was effective January 21, 2014.