Agreements

Required Agreements

Last Updated: 11/21/2017

If your institution would like to establish access to the Federal Reserve Discount Window, please complete the Operating Circular No. 10 [PDF; 249K]offsite link agreements listed below.1,2

 
Please submit completed agreements to your Federal Reserve Bank.



1. Letter of Agreement [MS Word; 23K]
The Letter of Agreement evidences an institution's acceptance of the terms and conditions in Operating Circular No. 10


2. Authorizing Resolutions for Borrowers [MS Word; 31K]
The Authorizing Resolutions for Borrowers evidences an institution's authorization to borrow from and pledge assets to a Reserve Bank. 

Please Note: If your institution was chartered by the State of Wisconsin, please complete the Authorizing Resolutions for Borrowers Chartered by the State of Wisconsin [MS Word; 32K] instead.


3. Official OC-10 Authorization List
The Official OC-10 Authorization List is a list of individuals, including their titles, who are authorized to borrow and/or pledge/withdraw collateral as specified in the institution's Authorizing Resolutions for Borrowers.


4. Letter of Agreement to Correspondent Credit and Payment Agreement [MS Word; 38K]
If your institution does not have a Federal Reserve account, please select a correspondent to receive Discount Window advances and make payments on your institution's behalf.


5. Certificate [MS Word; 24K]
The Certificate will provide the Federal Reserve Bank all of the information needed to make an effective UCC-1 financing statement filing against the Borrower. Note: This document may not be required, contact your Reserve Bank for more info.


Footnotes:

 

  1. Please note: all Discount Window loans must be fully secured. Please see the Federal Reserve System Guide to Discount Window Collateral for information on collateral.
  2. If your depository institution is a U.S. branch or agency of a foreign bank, please contact your Reserve Bank for additional discount window documentation requirements.