For a depositary to establish an existing UST 225 program collateral account under its
Fedwire securities account structure, the depositary must contact the UST to ensure that
all necessary forms are completed and obtain the 225 program collateral account number
assigned to that UST office. Then the agency should contact the Federal Reserve to give
written authorization to have the UST 225 program collateral account opened on the
Fedwire Securities Service.
Other Government Agencies and Bankruptcy Courts
Account designations for government agency and Bankruptcy court 225 program
collateral accounts have been standardized across all the Reserve Banks. These accounts
also have established alphanumeric accounts that begin with the letter “S” to identify the
account as part of the 225 program. The government agency is established as the owner
of the account and the obligor includes, but is not limited to, an individual, a trust, an
estate, a partnership, a corporation, and a sole proprietor. The bond official at the
government agency must contact the Federal Reserve for instructions on how to establish
a 225 program account.
For a depositary to establish an existing Bankruptcy court account, the depositary needs
to ensure that all necessary forms are completed with the respective Bankruptcy court. A
contact name at the Bankruptcy court should be obtained. The depositary should also
obtain the four-digit alphanumeric character 225 program collateral account number from
the Bankruptcy court. If the Bankruptcy court does not have a 225 program collateral
account currently established, the bond official should contact the Federal Reserve to set
up a 225 program collateral account.
After the 225 program collateral account is verified or established, the agency will need
to provide the Federal Reserve with written authorization to have the 225 program
collateral account opened for its account on the Fedwire Securities Service.
Closing an Account
A depositary must contact the Federal Reserve to close a 225 program collateral account.
The Federal Reserve will verify with the bond official that there is no further need for the
account. Once the Federal Reserve has verified that the bond official no longer requires
collateral, the Federal Reserve will have the account closed.
If a government agency no longer requires a 225 program collateral account, the bond
official should contact TCMM Operations Support at 1-888-568-7343 (select menu
option 2, and then select menu option 2).
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