Updated Collateral Margins Including New Display Forthcoming

June 01, 2026

The Federal Reserve is implementing updated collateral margins for Discount Window lending and Payment System Risk purposes, effective July 1, 2026. In addition, the loan collateral margins tables have been simplified to display the minimum, weighted average, and maximum margin observed on historical pledges in each category. This change is meant to provide greater insight into the expected margins for pledged loan collateral. The updated collateral margins tables can be viewed on the Collateral Valuation page of the Discount Window and Payment System Risk website. 

Contact your local Reserve Bank with any inquiries.