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Last Updated: 1/11/2012

Please note: This information is only for the Federal Reserve Bank of Chicago's Borrower-in-Custody (BIC) Program. Information regarding your Federal Reserve Bank's BIC program may be available on your district's Contacts & Resources page.

For your convenience, the documents and agreements referred to below can be downloaded and completed in Microsoft Word or Microsoft Excel.


Agreements
Guidelines



Forms

UPDATED 1/11/2012
  • Cover Letter [MS Word; 67K]
    This form must accompany your monthly collateral listing. If you plan to email your monthly listing or cover letter for collateral pledge, please ensure that your institution has an Electronic Pledge Authorization Letter [MS Word; 35K] on file with us as well. Please also see the section below, "Send a collateral listing via secure email."


  • Pledge Listing Template [MS Excel; 31K]
    This template should be used as a guide in developing the pledge listing to be submitted to the Federal Reserve Bank of Chicago on a monthly basis. For a list of required fields, please see the BIC Program Guidelines [PDF; 166K].

  • Loan Classification Guide [MS Word; 37K]
    This form may be used as a guide for properly classifying pledged loans on your monthly cover letter for collateral pledge and collateral listing.
Borrower-in-Custody of Collateral Certification
BIC program participants are required to complete a Collateral Certification for each pledged loan type prior to enrollment in the BIC program, and on an annual basis thereafter.

The Collateral Certifications below are in Microsoft Word format; responses can be entered in the shaded boxes within the documents.

Send a collateral listing via secure email
Visit the Federal Reserve Secure Message Center, https://secureemail.federalreserve.com, and register or login to send us secure email. Once you have logged into the Federal Reserve Secure Message Center, you can send cover letters and collateral listings to collateral@chi.frb.org.

Use of the Federal Reserve Secure Message Center is optional at this time. However, please note, your institution must have an Electronic Pledge Authorization Letter [MS Word; 35K] on file with us before we can accept monthly cover letters and collateral listings by email.

Please let us know if you have additional questions.
Current Interest Rates
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Secondary Credit 1.25%
Seasonal Credit 0.25%
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