Guidelines

Last updated: 12.01.2025

Institutions that use the Discount Window are subject to the following Federal Reserve operating circulars and regulations, which are amended from time to time:

Operating Circular 1: Account Relationships (FRB Services)
Operating Circular 10: Lending (FRB Services)
The Federal Reserve Act (federalreserve.gov)

Payment System Risk (PSR) guidelines can be found on the Payment System Risk page of the website.