To borrow from the Bank, members must pledge collateral to secure advances. Acceptable collateral includes a variety of 1-4 family residential loans, commercial real estate loans, home equity lines of credit, and multifamily residential loans as well as a number of types of securities.
Pledge/Release of Securities
For pledging and releasing securities used as collateral for advances, you must submit your securities collateral pledge and release instructions by 11 a.m. ET at least one business day prior to the requested pledge/release date. We will process transaction requests received after 11 a.m. ET as quickly as possible but cannot guarantee next-day processing on those transactions.
Collateral Verification Reviews
As part of our commitment to operating in a safe and sound manner and in accordance with Federal regulations, we may periodically review the collateral our member institutions pledge to secure advances. This process not only ensures that your investment is secure, but it also helps you get the most value from the collateral you pledge. For questions about Collateral Verification Reviews, contact:
Jamaine Dorsett - Alabama, District of Columbia, Maryland, Virginia
Kim Ashley - Georgia
Alonzo Glenn - Florida
Holly Mejia - National Accounts, North Carolina, South Carolina