August 19, 2009
Federal Reserve announces new schedule of margins applicable for collateral pledged by depository institutions
For immediate release
The Federal Reserve on Wednesday announced a new schedule of margins applicable for collateral pledged by depository institutions to secure discount window and Term Auction Facility loans and for payment system risk purposes.
The new margins are part of the Federal Reserve's continuing efforts to ensure effective risk-management policies and procedures in its lending programs to depository institutions. They reflect data and methodological improvements that better account for differences in various risk characteristics across collateral types.
Details on the changes, effective October 19, 2009, are available at www.frbdiscountwindow.org.