Operating Circulars

Question 1

Contains the terms under which the Federal Reserve Banks provide certain settlement services through what is called the National Settlement Service.

Answer 1

OC 12

Question 2

Along with Subpart B of Regulation J, applies to funds transfers made through the Fedwire Funds Service.

Answer 2

OC 6

Question 3

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.

Answer 3

OC 4

Question 4

Contains the terms under which the Federal Reserve Banks maintain securities accounts and effect transfer of book-entry securities for participants.

Answer 4

OC 1

Question 5

Applies to the handling of all cash items that we accept for forward collection and all returned checks that we accept for return.

Answer 5

OC 3

Question 6

Treasury Investments and Collateral Securing Public Funds and Financial Interests of the Government to reflect the full scope of its coverage.

Answer 6

OC 9

Question 7

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.

Answer 7

OC 5

Question 8

Contains the terms under which an entity may obtain advances from, incur Obligations to, or pledge collateral to a Federal Reserve Bank.

Answer 8

OC 10

Question 9

Contains the Provisions that apply to a financial institutions cash transactions with a Federal Reserve Bank.

Answer 9

OC 2

Question 10

Along with Subpart C of Regulation J, applies to funds transfer made through the FedNow Services.

Answer 10

OC 8