Get Reserve Bank Of San Francisco Borrower-in-custody (bic) Program: Audit Certification 2024-2025

This guide provides a clear and supportive walkthrough on how to complete the Reserve Bank of San Francisco Borrower-in-Custody (BIC) Program: Audit Certification form online. By following these steps, users with varying levels of experience can effectively fill out this important document.

Follow the steps to complete the Audit Certification form online.

1. To obtain the form, click the ‘Get Form’ button and open it in the designated editor.
2. Begin filling in 'Part I: Institution Information.' Enter the date, ABA number, legal name of the institution, and its headquartered address, including city, state, and zip code. Provide contact information for relevant individuals, including names, titles, phone numbers, and emails.
3. Proceed to 'Part II: Pledge Arrangement Overview.' Indicate the loan types your institution is currently pledging by checking all applicable categories. Refer to the latest BIC-1 or CCR transmittal submitted by your institution for accuracy.
4. In 'Part III: Documentation and Perfection Overview,' respond to questions regarding documentation exceptions and tracking procedures. Indicate if there are processes for addressing and monitoring exceptions.
5. Continue through 'Part IV: Collateral Management Overview' by confirming the accuracy of the Appendix A location(s) and providing details on the storage of pledged loan documents and any changes since the last audit.
6. In 'Part V: Monitoring and Maintenance Overview,' answer questions regarding your institution's loan grading system and how pledged loans are monitored, including any changes and processes for managing pledged loans.
7. Finally, complete 'Part VII: Certification' by signing the form to certify accuracy and compliance. Make sure that the signature is provided by an authorized individual.
8. After reviewing your entries for correctness, save the changes made to the form, and consider downloading, printing, or sharing the completed Audit Certification as necessary.

Complete your documents online to ensure compliance and accuracy in your reporting.