District Circular Letters

August 1, 2013

Changes to the Borrower-In-Custody of Collateral Program Policy


In response to more depository institutions participating in the Borrower-in-Custody (BIC) program and feedback we have received from BIC program participants, the Federal Reserve Bank of San Francisco (FRBSF) is making several changes to our BIC program policy effective August 5, 2013.

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