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BIC Guidelines and Forms
Borrower-in-Custody (BIC) of collateral arrangements may be used when physically transferring the collateral to a Federal Reserve Bank would be impractical because of the high volume of assets involved.

To qualify for a BIC arrangement, institutions must be in sound financial condition, maintain appropriate document-storage facilities and have an acceptable automated record/reporting system.

Handwritten submissions for certification and pledge forms will not be accepted. Please contact the Discount Window hotline at
866-226-5619 if you require a Word version of any form.

Certification Forms1

Certification Form (all loans types except credit card receivables) pdf 11 pages / 93 kb

Certification Form (credit card receivables only) pdf 6 pages / 47 kb
Imaging Certification Form: Image and Destroy pdf  18 kb
Imaging Certification Form: Image and Store pdf  19 kb
New Location Questionnaire pdf  18 kb
 
Guidelines
BIC Imaging pdf 2 pages / 63 kb
BIC Program Requirements pdf 10 pages / 141 kb
 
Pledge Forms

BIC Collateral Pledge Form pdf 1 page / 11 kb

BIC Collateral Withdrawal Form pdf 1 page / 11 kb
Automated Loan Deposit (ALD) Cover Letter pdf 1 page / 21 kb
Electronic Pledge Authorization Letter pdf 2 page / 15 kb
 
1 With the exception of the New Location Questionnaire, certification forms are to be completed by the depository institution's internal audit department.