New Requirement for Submitting Pledged Loans

The Federal Reserve continuously seeks to obtain sufficient information on loans pledged for discount window, payment system risk, or Treasury purposes to accurately determine their lendable value. As a continuation of this effort, effective immediately, for those institutions not already pledging loans in a format supported by the Automated Loan Deposit process, the Federal Reserve will begin to phase-in a requirement that all pledged loans1 be submitted in this format. Depository institutions will be expected to meet this requirement in the order listed below:

  • Depository institutions with total assets greater than $10 billion, and all foreign banking organizations (regardless of size) must comply with the submission requirement by December 31, 2012;
  • All other depository institutions are expected to comply by December 31, 2014.

Please review the July 30, 2012 Collateral Bulletin [PDF; 68K] for more information. Institutions should contact their Reserve Bank’s discount window staff for additional information or with any questions. Exceptions allowing institutions to pledge loans in alternate formats may be granted at Reserve Bank discretion.


1. With the exception of the “student loans” and “credit card receivables” loan categories, which are not currently supported by the Automated Loan Deposit process.