6.5 Pending Accounts
Accounts that do not have the requisite information to proceed for ORC Classification or Insurance calculations are parked with a “Pending” state as Insurance Determination Status.
The following fields are considered optional. A missing value in these fields does not qualify for a ‘Pending Status’.
- Customer Type
- Product Category
- Participant Type
For each pending record, a reason is populated in the form a pending reason code as per FDIC Part 370 Regulation.
Table 5-5 Pending Accounts - Code and Description
| Code | Comment |
|---|---|
| A | Missing Agent/Custodian information |
| B | Missing Beneficiary Information for Trusts |
| RAC | Missing Right and Capacity Code |
| OI | Missing Official Item |
| ARB | Direct Obligation Brokered Deposit |
| ARBN | Non Direct Obligation Brokered Deposit |
| ARCRA | Certain Retirement Accounts |
| AREBP | Employee Benefit Plan Accounts |
| ARM | Mortgage Servicing for Prinicpal and Interest Payments |
| ARO | Other Deposits |
| ARTR | Trust Accounts |