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 Payment System Risk Policy effective February 6, 2023
PDF
The purpose of the Overview is to help depository institutions comply with the Federal Reserve's Policy Statement on Payment 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 Payment System Risk Policy for a more comprehensive description of the PSR policy's requirements.
Guide to the Federal Reserve's Payment System Risk Policy effective February 6, 2023
PDF
The Guide to the Federal Reserve's Payment 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.