Access to Accounts and Services Policy
The purpose of this Access to Accounts and Services Policy Template is for a bank, credit union, fintech company, or other type of financial institution to ensure proper adherence to the provisions and intent of “Guidelines for Evaluating Account and Services Requests” issued by the Board of Governors of the Federal Reserve System that are comprised of six principles to be used by Federal Reserve Banks (Reserve Banks) in evaluating requests for master accounts and access to Reserve Bank financial services (access requests).
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Principles – Topic 3
- Tiered Review Framework – Topic 4
- Audit Policy – Topic 5
- Staff Training – Topic 6
- Retention of Documentation – Topic 7
Recent updates to this product:
Federal Reserve Bank Press Release – Federal Reserve Board Announces Final Guidelines that Establish a Transparent, Risk-Based, and Consistent Set of Factors for Reserve Banks to Use in Reviewing Requests to Access Federal Reserve Accounts and Payment Services
This Access to Accounts and Services Policy Template (approximately 9 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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