(1) BIC Certifications - Please complete all of the applicable certifications based on the type of collateral your institution plans to pledge:

• BIC Certification for Commercial, Agricultural, Construction Loans, and Raw Land Loans [MS Word; 122K]
  
• BIC Certification for Mortgages [MS Word; 122K]
  
• BIC Certification for Consumer, Student and Auto Loans [MS Word; 117K]
  
• BIC Certification for Credit Card Receivables [MS Word; 108K]
• Addendum to BIC Certification - Imaged Only [MS Word; 72K]
• Addendum to BIC Certification - RIM and Imaged [MS Word; 75K]
  

The BIC Certification documents must be signed by an authorized official of your institution, as designated by the OC 10 Authorizing Resolutions for Borrowers on file with the Federal Reserve Bank of Minneapolis. Additionally, the BIC Certification documents must be reviewed and signed by an internal or external auditor. At the time we receive your BIC Certification, the Federal Reserve Bank will complete a UCC 1 filing to perfect its interest in your collateral pledge.

(2) BIC Cover Letter - This document should be submitted with loan listings.

• BIC Cover Letter [MS Word; 58K]
  
  

(3) Collateral Schedule - If your institution is approved for the BIC program , you will be responsible for submitting a summary cover letter and a monthly collateral schedule, no later than the 10th day of the month. The monthly collateral schedule must be signed or emailed by an authorized official of your institution, as designated by the OC 10 Lending Agreements on file with the Federal Reserve Bank of Minneapolis. Your institution may want to review these legal agreements and revise as needed to ensure it meets your needs in relation to the BIC program.

• Collateral Schedule [MS Excel; 27K]
  
  

• If your institution is in the process or currently images your loan notes and/or documentation.
• If your institution will be pledging participated loans - additional documentation will be required.