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Reference the Account Management Guide for all of your accounting needs

The Ops Stop provides your organization with a one-stop shop full of helpful operational resources offered by the Federal Reserve Banks. For this installment of the series, we are featuring the Account Management Guide

The Federal Reserve Banks provide Accounting Services to financial institutions in their respective districts. We help settle transactions efficiently between financial institution accounts. Although this process may seem simple, there are several components involved so the Federal Reserve Banks offer resources to help financial institutions manage their reserve accounts.

At over 100 pages in length, the Account Management Guide is a comprehensive reference guide for financial institutions that manage reserve accounts. The document outlines information related to the ongoing administration of reserve accounts, including:

  • Federal Reserve Bank account structure
  • Information tools
  • Overdrafts
  • Billing
  • Account management during a merger
  • Direct compensation
  • Terminology
  • Transaction code posting requirements
  • Links to helpful information, including:
    • Federal Reserve contact lists
    • Concepts of Reserve calculation and maintenance

The guide is updated on an ongoing basis. Earlier this year the guide was updated to reflect a change to Daylight Overdraft Posting Times and the addition of ACH Transaction Codes to Appendix B.

The amount of detail within the guide makes it a great resource for your organization. To learn more about Accounting Services, visit the Accounting Services overview page.