“In-scope” institutions can now submit their newly formatted Automated Loan Deposit (ALD) collateral reports
October 10, 2018
The Federal Reserve is implementing new ALD collateral report submission requirements affecting “in-scope” institutions for Discount Window lending and Payment System Risk purposes, beginning in May 2019 with new valuations targeted to take effect by year-end 2020. The new submission requirements can be viewed on the Discount Window & Payment System Risk website. At this time, the “in-scope” institutions can send their newly formatted ALD collateral reports to their local Reserve Bank. Institutions should review the previously published collateral bulletins for more information about the changes as well as to ensure that their collateral reports have been developed in accordance with the published requirements. Please contact your Reserve Bank for additional information.