Acceptance of U.S. Treasury Floating Rate Notes as Collateral

January 23, 2014 

The Federal Reserve is announcing the acceptance of U.S. Treasury Floating Rate Notes (FRNs) as collateral for Discount Window lending and Payment System Risk purposes. As reflected in the updated Discount Window & Payment System Risk Collateral Margins Table, FRNs will receive the same collateral margins treatment as other U.S. Treasury Bills, Notes, and Bonds. 

Please contact your Reserve Bank’s discount window collateral staff for additional information.