Agreements

Required Agreements

Last Updated: 11/21/2017

If your institution would like to establish access to the Federal Reserve Discount Window, please complete the Operating Circular No. 10 agreements listed below.1,2

 
Please submit completed agreements to your Federal Reserve Bank.



1. Letter of Agreement 
The Letter of Agreement evidences an institution's acceptance of the terms and conditions in Operating Circular No. 10


2. Authorizing Resolutions for Borrowers 
The Authorizing Resolutions for Borrowers evidences an institution's authorization to borrow from and pledge assets to a Reserve Bank. 

Please Note: If your institution was chartered by the State of Wisconsin, please complete the Authorizing Resolutions for Borrowers Chartered by the State of Wisconsin [instead.


3. Official OC-10 Authorization List
The Official OC-10 Authorization List is a list of individuals, including their titles, who are authorized to borrow and/or pledge/withdraw collateral as specified in the institution's Authorizing Resolutions for Borrowers.


4. Letter of Agreement to Correspondent Credit and Payment Agreement 
If your institution does not have a Federal Reserve account, please select a correspondent to receive Discount Window advances and make payments on your institution's behalf.


5. Certificate 
The Certificate will provide the Federal Reserve Bank all of the information needed to make an effective UCC-1 financing statement filing against the Borrower. Note: This document may not be required, contact your Reserve Bank for more info.


Footnotes:

 

  1. Please note: all Discount Window loans must be fully secured. Please see the Federal Reserve System Guide to Discount Window Collateral for information on collateral.
  2. If your depository institution is a U.S. branch or agency of a foreign bank, please contact your Reserve Bank for additional discount window documentation requirements.