Effective March 14, 2022, the Federal Reserve implemented new Automated Loan Deposit (ALD) collateral requirements affecting in-scope institutions, and the dual file submission requirement ceased for these institutions. For reference, the submission requirements for in-scope institutions can be found in the File Specifications section of the Pledging Collateral (Off-site) page on the Discount Window and Payment System Risk website. The submission process for all other institutions remains unchanged.
In addition, the Federal Reserve implemented updated collateral margin tables for Discount Window lending and Payment System Risk purposes for all institutions, effective March 14, 2022. Changes to the tables stem from the most recent review of margins and valuation practices the Federal Reserve routinely conducts, incorporation of updated market data and incorporation of data supplied as part of the new ALD collateral requirements.
The updated collateral margins tables can be found on the Collateral Valuation (Off-site) page of the Discount Window and Payment System Risk website. Please review the 2021 Collateral Bulletin (Off-site), as well as the related frequently asked questions (FAQs) (Off-site), for more information about the changes. Contact your local Reserve Bank (Off-site) if you have additional questions.