In support of the Federal Reserve System's Payment System Risk Policy, staff members in the St. Louis Fed's Payment Risk Management Department are responsible for:

• monitoring the use of intraday credit that is extended to Eighth District account holders,
• assisting institutions in complying with the policy,
• monitoring overnight overdrafts and
• implementing special account controls when conditions warrant.

Staff members monitor an institution's master accounts to ensure that the institution keeps sufficient daily balances. As outlined in Regulation D, many depository institutions are required to maintain reserves that are based on the level of certain transaction accounts and other deposits they hold.

Online Resource Materials

The Federal Reserve has prepared a variety of online resource materials that can guide financial institutions in opening and managing their accounts, such as the:

• Reserve Maintenance Manual,
• Account Management Guide,
• Operating Circular 1 and
• Reserve Maintenance Period Calendar

All of these resources can be found in PDF format on National Financial Services web site. Look for them under the References Guides and Operating Circulars submenu.