Related Policy Documents

The documents described below were designed to help depository institutions comply with the Board's policies regarding the use of Federal Reserve intraday credit.

Overview of the Federal Reserve's Payments System Risk Policy
PDF (161 KB) | HTML

The purpose of the Overview is to help depository institutions comply with the Federal Reserve's Policy Statement on Payments System Risk (PSR policy). Depository institutions that use only minimal amounts of Federal Reserve intraday credit should use the Overview to help determine the requirements for compliance with the PSR policy. Institutions that use Federal Reserve intraday credit more regularly and those that may be considered "special situations" because of their legal structure or payment activity should obtain a copy of the Guide to the Federal Reserve's Payments System Risk Policy for a more comprehensive description of the PSR policy's requirements.

Guide to the Federal Reserve's Payments System Risk Policy (Full text)
PDF (308 KB) | HTML

The Guide to the Federal Reserve's Payments System Risk Policy (the Guide) contains detailed information on the steps necessary to comply with the Federal Reserve's intraday credit policies. Any institution using Federal Reserve intraday credit, regardless of the amount, should have the capability to monitor its Federal Reserve account balance on an intraday basis and should understand the risks inherent in the provision of payment services generally.

Information contained in the Guide is based on the PSR policy effective at the time of publication. If the Board finds it necessary to modify the PSR policy, future policy statements will supersede information in the Guide until it can be updated accordingly.

      Main Guide
          PDF (187 KB) | HTML
      Appendix A: Self-Assessment Worksheets
          PDF (106 KB) | HTML
      Appendix B: Sample Letters and Resolutions
          PDF (28 KB) | HTML
      Appendix C: Capital Measures
          PDF (19 KB) | HTML
      Glossary
          PDF (27 KB) | HTML