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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.

Certification Forms1

Certification Form (all loans types except credit card receivables) pdf 10 pages / 64 kb

Certification Form (credit card receivables only) pdf 4 pages / 43 kb
Imaging Certification Form: Image and Destroy pdf  18 kb
Imaging Certification Form: Image and Store pdf  19 kb
 
Guidelines
Commercial Loans2 pdf 6 pages / 124 kb
One-to-Four Family Mortgages pdf 5 pages / 127 kb
Consumer Loans (includes consumer, installment, student, and auto loans and auto leases) pdf 4 pages / 73 kb
Home Equity Loans pdf5 pages / 118 kb
 
Imaging
BIC Imaging Guidelines WORD  2 pages / 63 kb

BIC Imaging Pre-Certification pdf  23 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 Certification forms are to be completed by the depository institution's internal audit department.
2 To pledge commercial loans in a BIC arrangement, see also: Qualified Loan Review Program