Transcription of Collateral Guide for Public Funds
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Collateral Guide for Public Funds
Collateral Guide for Public FundsBACKGROUND The information contained in this Guide is presented as a general overview of Collateral program operations for federal agencies requiring Collateral to secure Public Funds on deposit with a commercial financial institution (31 CFR Part 202). It does not supersede or replace any requirements contained in: a)Specific Treasury Fiscal Service Collateral Program agreements, regulations, andpolicies, orb)Federal Reserve Bank Operating Circulars, clearing memos, or other Guide may be periodically updated to reflect current information. A more comprehensive version of this Guide , directed toward financial institutions, will be available through a link on the Federal Reserve Financial Services website at If you have any questions regarding the Treasury s CFR Part 202 and CFR Part 225 Collateral programs; including pledging Collateral , Collateral eligibility, Collateral program accou
A collateral deficiency occurs when the current collateral value is less than the account’s ATBC. Collateral deficiencies may occur in a 202 program collateral account for the following reasons: • Collateral held in the account received a periodic principal paydown (e.g., mortgage-backed securities or asset -backed securities)
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