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FDIC Federal Register Citations

From: Mike Roach 
Sent: Tuesday, August 27, 2002 4:20 PM
To: Comments
Subject: FIL-92-2002

In reviewing the requirements as detailed in the Financial Institution Letter, it indicates the bank must keep a copy of the identification document(s) used to verify identity. At one time our bank was keeping copies of drivers license or other similar documentation used to identify customers, in additon to other documentation. Then we were told that this was not legal.

It would seem that maintaining copies of drivers licenses etc. would be required, or well within the law.

Your assistance would be greatly appreciated.

Michael D. Roach
Vice President Auditor & Examiner
Farmers & Merchants State Bank
5256 Fairview Ave.
Boise, ID 83706

 

Last Updated 08/28/2002 regs@fdic.gov

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