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.

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

Deposits of State and Local Governments

Depositaries and Financial Agents of the Federal Government

Acceptance of Bonds Secured By Government Obligations in Lieu of Bonds with Sureties

Book-Entry Securities on a Reserve Bank's Books

Definitive Treasury Securities

  • 31 CFR Part 306 (Off-site Link) (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: 1-888-568-7343 option 2
State and Local Government Wholesale Payments Services
Payment System Risk and Discount Window Local Reserve Bank Credit and Risk Management Department

Top of Page