Discount Window & Payment System Risk Contact Information for Chicago
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.
- Electronic Pledge Authorization Letter [MS Word; 40K]
If your institution would like to email the pledge listing and cover letter to us each month, please complete this agreement.
- Cover Letter [PDF; 82K]
This form must accompany your monthly collateral listing. If you plan to email your monthly listing or cover letter for collateral pledge, please ensure that your institution has an Electronic Pledge Authorization Letter [MS Word; 35K] on file with us as well. Please also see the section below, "Send a collateral listing via secure email."
- Pledge Listing Template [MS Excel; 31K]
This template should be used as a guide in developing the pledge listing to be submitted to the Federal Reserve Bank of Chicago on a monthly basis. For a list of required fields, please see the BIC Program Guidelines [PDF; 296K]
- Loan Classification Guide [PDF; 61K]
This form may be used as a guide for properly classifying pledged loans on your monthly cover letter for collateral pledge and collateral listing.
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 [PDF Fillable Form; 512K]
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.
The Collateral Recertification below is in Microsoft Word format; responses can be entered in the shaded boxes within the document.
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 listings to firstname.lastname@example.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. Additionally, please note that your institution must have an Electronic Pledge Authorization Letter [MS Word; 35K] on file with us before we can accept monthly cover letters and collateral listings by email.
Please let us know if you have additional questions.