Discount Window & Payment System Risk Information for Minneapolis
FRB Minneapolis Borrower-in-Custody (BIC) Program
Please note: This information is specifically for the Federal Reserve Bank of Minneapolis's BIC Program. Information regarding your Federal Reserve Bank's BIC program may be available on your district's Contacts & Resources page.
FRB System-specific
Borrower-in-Custody (BIC) Program Requirements
BIC Application
BIC Certification Renewal
BIC Modification
FRB Minneapolis-specific
If your institution is approved for the BIC program, you will be expected to submit a monthly collateral schedule, using Discount Window Direct (DWD) or another approved secure method, such as Zix FRSecure Message Center or Intralinks. A cover letter must accompany collateral schedules submitted using Zix FRSecure Message Center or Intralinks and be signed or emailed by an authorized official of your institution, as designated by the OC 10 Lending Agreements on file with the Federal Reserve Bank of Minneapolis. Your institution may want to review these legal agreements and revise as needed to ensure they meet your needs in relation to the BIC program.
(1) BIC Cover Letter - This document should be submitted with loan listings if using Zix FRSecure Message Center or Intralinks (not required when submitting via DWD).
(2) Collateral Schedule
Completed BIC forms and documentation should be securely emailed to mpls.credit@mpls.frb.org using Zix FRSecure Message Center.
Contact us for questions and/or additional information.