Exception management is the process of monitoring missing documents or other important information.
An exception report lists the documents that are missing from an organization’s files.
Expiring documents are those that are associated with expiration dates and must be regularly collected or updated to avoid exceptions. Once a document expires, it might also be considered a missing document until the exception has been resolved.
FDIC BankFind is a free database offered by the Federal Deposit Insurance Corporation (FDIC). The FDIC BankFind provides general information about FDIC-insured financial institutions.
FDIC Deposit Market Share Reports provide information about the percentage of deposits that an FDIC-affiliated institution holds within a geographic area.
The FDIC Institution Directory provides financial reporting and other data on any FDIC-insured bank.
FedNow is the Federal Reserve’s instant payment service, designed to enable real-time, 24/7/365 clearing and settlement of payments between participating financial institutions in the United States.
Fedwire is a real-time gross settlement (RTGS) system operated by the U.S. Federal Reserve that enables financial institutions to transfer funds electronically in U.S. dollars.
FFIEC is an acronym for the Federal Financial Institutions Examination Council. Established in 1979, the FFIEC is an inter-agency group that creates guidelines for standardizing federal audits of financial institutions.
A flood insurance provider performs a flood zone determination to ascertain if real estate is located within a floodplain.
In banking, the term “front counter” generally refers to activities performed by staff while the customer or member is present.
Front-line staff at a bank are the “face” of the organization—the employees that interact directly with a financial institution’s customers. This includes a wide variety of staff, from front-line tellers cashing a $20 check to lenders working on large commercial loans.