Operating Circulars Flashcards
(10 cards)
Contains the terms under which the Federal Reserve Banks provide certain settlement services through what is called the National Settlement Service.
OC 12
Along with Subpart B of Regulation J, applies to funds transfers made through the Fedwire Funds Service.
OC 6
Contains the terms for opening, maintaining, and terminating a master account with a Federal Reserve Bank, as well as general provisions regarding Reserve Bank services applicable to institutions whether or not they maintain a Reserve bank account.
OC 4
Contains the terms under which the Federal Reserve Banks maintain securities accounts and effect transfer of book-entry securities for participants.
OC 1
Applies to the handling of all cash items that we accept for forward collection and all returned checks that we accept for return.
OC 3
Treasury Investments and Collateral Securing Public Funds and Financial Interests of the Government to reflect the full scope of its coverage.
OC 9
Includes the terms under which an institution may access certain services and applications provided by a Federal Reserve Bank and under which an institution may send certain data to or receive certain data from a Federal Reserve Bank, in each case, by means of an electronic connection.
OC 5
Contains the terms under which an entity may obtain advances from, incur Obligations to, or pledge collateral to a Federal Reserve Bank.
OC 10
Contains the Provisions that apply to a financial institutions cash transactions with a Federal Reserve Bank.
OC 2
Along with Subpart C of Regulation J, applies to funds transfer made through the FedNow Services.
OC 8
