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About the New York Fed
- About the New York Fed
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- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
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  Do you have a request for information and records? Learn how to submit it.
  
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- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
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- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
Community Development
& Education

Collateral Pledging

To borrow from the discount window, a depository institution must first execute Operating Circular 10 and pledge acceptable collateral. Guidelines, requirements and forms to help depository institutions establish discount window access can be found below.

Background

Operating Circular 10: Lending
Mechanics of Borrowing
Federal Reserve Collateral Information

OC-10 Agreements

OC-10 Agreements

Collateral Reports Request Form

CMS Reports Request
1 page / 64 kb

Requirements and Forms by custody arrangement

Custody*	Requirements and Forms
National Book-Entry System (NBES) Accounts	NBES Procedures 2 pages / 17 kb
Depository Trust Co. (DTC) Arrangements	DTC Procedures 1 page / 17 kb
Euroclear Price Adjustments and Closings Form	Pledging Securities Held Through Euroclear or Clearstream 5 page / 29 kb Euroclear Price Adjustments and Closings Form 1 page / 110 kb
Borrower-in-Custody (BIC)	BIC Requirements and Forms

* The New York Fed will accommodate vault custody arrangements for collateral that is in tangible form and not able to be held in any other type of pledging or custody arrangement acceptable to the New York Fed only in very exceptional circumstances, such as unique constraints on the pledging institution or a significant lack of other available collateral on the part of the pledging institution. If your institution would like to pledge collateral in tangible form by delivery to the New York Fed's vault, you should contact the Discount Window hotline at 866-226-5619.

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