Answer: Monthly deposits of $853 are required by the regulatory agreement.
Trend: Consistent compliance with this requirement is essential to avoid penalties.
List: Ensure all monthly deposits are made on time and verify compliance regularly.
Finding Text
The regulatory agreement (as amended) requires monthly deposits of $853.
Corrective Action Plan
Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $20. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.