Discount Window & Payment System Risk Contact Information for Chicago

Last Updated: 01.31.2025
Please note: This information is only for the Federal Reserve Bank of Chicago's Borrower-in-Custody (BIC) Program. Information regarding your Federal Reserve Bank's BIC program may be available on your district's Contacts & Resources page For your convenience, the documents and agreements referred to below can be downloaded and completed in Microsoft Word or Microsoft Excel.

Guidelines

Forms

Borrower-In-Custody of Collateral Certification

BIC program participants are required to complete a BIC Program Application and indicate each pledged loan type in the application prior to enrollment in the BIC program.

  • BIC Program Application
    Once enrolled in the BIC program, participants are required to complete a recertification yearly, unless the FRBC indicates otherwise. Participants will be notified by the BIC Program Coordinator when they need to complete the recertification form.

  • Yearly Collateral Recertification Form for All BIC Participants
    The Collateral Recertification below is in Microsoft Word format; responses can be entered in the shaded boxes within the document.

Send a collateral schedule via secure email

  • Visit the Federal Reserve Secure Message Center, https://secureemail.federalreserve.com, and register or login to send us secure email. Once you have logged into the Federal Reserve Secure Message Center, you can send cover letters and collateral schedules to collateral@chi.frb.org.

  • Use of the Federal Reserve Secure Message Center or another secure email method to transmit loan information is a requirement for pledging loan collateral.

  • Please let us know if you have additional questions.