Payment Risk Management

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Payment System Risk

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.

Payment System Risk Documents:

  • Account Management Guide is a comprehensive reference guide for helping financial institutions manage their master accounts.
  • Operating Circular 1 contains the terms for opening, maintaining, and terminating a master account with a Federal Reserve Bank, as well as general provisions regarding Reserve Bank services applicable to institutions whether or not they maintain a Reserve Bank account.