The Federal Reserve is implementing updated collateral margins for Discount Window lending and Payment System Risk purposes, effective July 1, 2026. In addition, the loan collateral margins tables have been simplified to display the minimum, weighted average and maximum margin observed on historical pledges in each category. This change is meant to provide greater insight into the expected margins for pledged loan collateral.
The updated collateral margins tables can be viewed on the Collateral Valuation page (Off-site) of the Discount Window and Payment System Risk (Off-site) website. Please review the related Margins FAQs (Off-site) for more information about the changes.
Contact your local Federal Reserve Bank (Off-site) with any inquiries.
