What information sources will be available for institutions to determine the value of collateral pledged in real time or near real time?
The Federal Reserve is assessing its collateral management systems and processes, including the needed and desired functionality and process improvements for such systems in the short and long term. In response to industry feedback, the Federal Reserve has identified a number of changes it intends to implement prior to the effective date of the revised policy. In the short term, the Federal Reserve plans to improve pledging and withdrawal of specific types of securities and increase information available intraday and interday on pledged collateral through the Reserve Banks Account Management Information (AMI) application*. The Federal Reserve will also publish general timing guidelines for collateral pledging and withdrawal to help institutions better track when collateral is determined to be pledged and released by the Reserve Banks. * AMI is an online tool offered by the Reserve Banks that supplies real-time information about an institution’s Federal Reserve account balance and provi
