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The Federal
Reserve Bank of Cleveland's Credit Risk
Management function consists of the Discount
Window, Payment System Risk, and Reserves
Management operations. The Credit Risk Management
staff is customer-oriented and focused on
meeting the needs of our customers and stakeholders.
We are efficient, flexible, and future-focused
with the unique ability to efficiently assimilate
and employ vast amounts of information to
better serve our customers while effectively
managing our Reserve Bank's risk exposure.
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Under the Monetary Control Act,
the Federal Reserve Board of Governors applies
Regulation D ("Reserve Requirements of Depository
Institutions") to all depository institutions.
An institution's required reserve balance, after
application of vault cash, is the dollar amount
that must be held in a reserve account at the
Federal Reserve Bank. If an institution is not
a member of the Federal Reserve, it may hold your
reserves with a correspondent on a pass-through
basis.
The Reserves Management staff of
Cleveland supports the oversight of Fourth District
institution's reserves activity in the following
ways:
- Oversees daily reserves positioning, including
reviewing reports and counseling depository
institutions
- Processes 'as of' adjustments transactions
to depository institutions Reserves accounts
- Monitors clearing balances and related activity
Reserves
Maintenance Manual
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