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Federal Reserve Banks
monitor reserve accounts to ensure compliance with reserve
and clearing balance requirements.
First District Reserve Account Management Inquiries
Hours of Operation: Monday - Friday,
8:00am to 5:00pm
General Phone Number: (800) 526-0338
Fax: (617) 973-3238
First District Reserve Account Management Contacts
Jim Freeman
Account Management Analyst and DI Education Coordinator
(617) 973-3954
Gretchen Wehrle-Scott
Manager, Reserve Accounting
(617) 973-3318
Maureen B. Savage
Assistant Vice President
(617) 973-3467
Reserve Accounting Resources
Account Management Guide
The Account
Management Guide (available from frbservices.org)
is a practical reference to make it easier for financial
institutions to manage reserve accounts. The Guide
assumes a familiarity with accounting practice and
provides a detailed discussion of each major aspect
of reserve management, together with descriptions
and samples of the reports and other information tools
available from the Federal Reserve System.
Reserve Maintenance Manual
The
Reserve Maintenance Manual (PDF, available from
frbservices.org) sets out the fundamental rules of
reserve calculation and account maintenance for institutions
that file the Report of Transaction Accounts, Other
Deposits and Vault Cash (FR 2900), either weekly or
quarterly.
Clearing Balance Calculator
Use the Clearing
Balance Calculator (offsite) to learn how much
you need to keep in your Reserve and Clearing accounts,
and how to make your clearing balance work offset
fees for FRB financial services.
Federal Reserve Reporting and Reserves Web
Site
More information on Reporting and Reserves services
is available at www.reportingandreserves.org,
the Fed's home for information on regulatory and financial
reporting and reserves information. The site offers
centralized access to information on regulatory and
financial reporting and required reserves including:
- Interest on Reserves
- Excess Balance Accounts
- Reporting Forms
- Reporting Instructions
- Reserve Maintenance Manual
- Electronic Reporting
- Federal Reserve Regulations
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