Should dashes be used in recording the depository institutions Magnetic Ink Character Recognition (MICR) number?
(Item 43) Answer: No, dashes should not be inserted in recording of the MICR number in Item 43. 30. Question: May the preparer and the approver of the new CTR be the same person? Answer: Yes, the preparer and the approving official of the new CTR may be the same person. This is a change in policy based on standardizing paper filing with magnetic filing of the CTR. However, it is still strongly recommended that financial institutions, as a matter of internal review of CTRs, have two people involved. 31. Question: Must the signature of the approving official be an original, or may it be pre-printed? (Item 45) Answer: The signature of the approving official in Item 45 must be an original signature; it may not be pre-printed. 32. Question: May a department’s name be pre-printed instead of the name of a person to contact? (Item 48) Answer: The name of a person to contact for questions about the CTR (not a department’s name) is preferred in Item 48; however, the name of the compliance office
