Term Deposit Facility Setup

Any institution eligible to receive interest on balances maintained at the Federal Reserve Banks can participate in the Term Deposit Facility upon the approval of its Reserve Bank. Follow the setup steps below to become a Term Deposit Facility participant. Please note the typical time from submission of the necessary forms and agreement to being ready to participate is between 7 and 14 business days.

To become a Term Deposit Facility participant:

  1. The institution must agree to the Term Deposit Agreement (PDF) by completing its Appendix A and having Appendix A executed by an individual on its Official Authorization List (OAL) (PDF). The institution then must submit the executed Appendix A to the Federal Reserve’s Customer Contact Center at one of the following locations:
    • E-mailed to sys.ccc.appendix5@mpls.frb.org;
    • Faxed to (877) 281-3647; or
    • Mailed to the Federal Reserve’s Customer Contact Center at
      P.O. Box 219416
      Kansas City, MO 64121-9416
  2. The institution must also complete the following form:
    1. Subscriber Request Form. This form must be completed for each individual who will need access to the Term Deposit Facility application. NOTE: The service is listed as Reserves Central on the form. Also, each individual requesting access to Reserves Central also needs to sign up for ReserveCalc.
  3. The institution may also need to complete the following forms:
    1. End User Authorization Contact (EUAC) Form (PDF) is required if the institution does not already have a FedLine Web® or FedLine Advantage® EUAC.
    2. Complete a new Transaction and Service Fee Settlement Authorization Form (PDF) of Operating Circular 1 if the institution wishes to settle Term Deposit Facility activity through a correspondent. 

The Reserve Bank will notify the EUAC and Subscriber(s) once the credentials have been processed. The Subscriber(s) will then access the Term Deposit Facility application using the Term Deposit Facility Secure Logon button on the Term Deposit Facility Resource Center.

Term Deposit Facility Auctions

Term Deposit Facility offering announcements will be posted on the Term Deposit Facility Resource Center.

Questions?

For assistance or questions, please contact the Federal Reserve’s Customer Contact Center.

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