Collateral Services Setup
Thank you for choosing Collateral Services. We are ready to work with you to make this a smooth and easy transition. Following are the steps to take to streamline your implementation process, including contacts to help you with questions at any step along the way.
Step 1 – Review Service Information
The following will help you determine what specific service features are right for your institution.
- Confirm Collateral Services Offerings right for your organization
Step 2 – Review Rules and Regulations
Federal Reserve Financial Services use is governed by applicable Operating Circulars (OCs). In addition, the following list also identifies the rules and regulations applicable to collateral programs offered by or through the Federal Reserve Banks.
Obligations to a Federal Reserve Bank
- Operating Circular 10: Lending
- Federal Reserve Regulation A (Off-site) (12 CFR Part 201)
Deposits of State and Local Governments
- Operating Circular 7: Book-Entry Securities Account Maintenance and Transfer Service
- Operating Circular 9: Collateral
Depositaries and Financial Agents of the Federal Government
Book-Entry Securities on a Reserve Bank’s Books
- Operating Circular 7: Book-Entry Securities Account Maintenance and Transfer Service
- 31 CFR Part 357 (Off-site) (Treasury Securities)
Definitive Treasury Securities
- 31 CFR Part 306 (Off-site) (How to Assign Definitive Treasury Securities)
Step 3 – Contact the Federal Reserve Banks
Based on the following table, contact the appropriate department at your local Federal Reserve Bank and indicate which collateral program is of interest to your institution.
| Collateral Program | Responsible Reserve Bank Department |
|---|---|
| 31 CFR 225 31 CFR 202 Treasury Collateral Management and Monitoring (TCMM) | TCMM Operations Support: P: (888) 568-7343, option #2 |
| State and Local Government | Wholesale Payments Services |
| Payment System Risk and Discount Window | Local Reserve Bank Credit and Risk Management Department |