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Last Updated: 1/28/2010

Please note: This information is only for the Federal Reserve Bank of Chicago's 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.



Agreements
Guidelines




Forms

UPDATED 1/28/2010
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
Primary Credit 0.75%
Secondary Credit 1.25%
Seasonal Credit 0.25%
Fed Funds Target 0 - 0.25%