- What is a daylight overdraft?
- May all institutions that have a Federal Reserve account incur daylight overdrafts?
- Are there limits to daylight overdrafts an institution can incur in its Federal Reserve account?
- What is a cap breach?
- How are daylight overdrafts monitored?
- What are the Federal Reserve's expectations regarding account management?
- What are the most recent revisions to the PSR policy?
- Are institutions required to collateralize daylight overdrafts?
- What is the purpose of collateral under the PSR policy?
- Are there separate accounts for discount window and PSR collateral at the Federal Reserve?
- What type of collateral is acceptable for PSR purposes?
- Do collateral margins for PSR purposes differ from those for the discount window?
- What steps should institutions take to ensure collateral already pledged for discount window purposes is applied toward daylight overdraft purposes?
- What steps should institutions take to pledge collateral for daylight overdraft purposes, if collateral is not already pledged?
- How can institutions monitor collateral applied for daylight overdraft purposes?
Net Debit Caps
- Are there limits on intraday credit even when the credit is fully collateralized?
- How is a net debit cap calculated?
- Does the amount of collateral pledged increase an institution's net debit cap?
- What is a max cap?
- What is a streamlined max cap procedure for eligible foreign banking organizations (FBOs)?
- Are fully collateralized daylight overdrafts in excess of a net debit cap considered a violation of the PSR Policy?
- How can institutions monitor their daylight overdraft position and charges?
- How are institutions charged for daylight overdrafts?
- How are daylight overdraft fees calculated for institutions with regular access to the discount window?
- How are daylight overdraft fees calculated for institutions without regular access to the discount window?
- What is a fee waiver?