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Last Updated: 7/8/2011

Operating Circular 10

Required Agreements
  • Letter of Agreement [MS Word; 23K]
    The Letter of Agreement binds your institution to the requirements of OC-10.

  • Authorizing Resolution for Borrowers [MS Word; 35K]
    The Authorizing Resolution for Borrowers evidences an institution's authorization to borrow from and pledge assets to a Reserve Bank.

  • Official OC-10 Authorization List [MS Word; 51K]
    The OAL names individuals authorized to issue pledging and/or borrowing instructions to the Reserve Bank.

  • Certificate [MS Word; 24K]
    The certificate provides the information necessary to make an effective UCC-1 financing statement filing.
Instructions
Current Interest Rates
Primary Credit 0.75%
Secondary Credit 1.25%
Seasonal Credit 0.25%
Fed Funds Target 0 - 0.25%