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FEDERAL RESERVE BANK OF BOSTON (FBB) BORROWERINCUSTODY (BIC)PROGRAM REQUIREMENTS REFERENCE GUIDE (For additional information, please refer to the BIC Program Requirements Handbook)Collateral Acceptability
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The Federal Reserve Bank is the central bank of the United States.
Financial institutions like banks are required to file reports with the Federal Reserve Bank.
The report can be filled out electronically through the Federal Reserve's reporting system.
The purpose of the report is to provide the Federal Reserve with information about the financial health of institutions.
Information such as balance sheet data, income statement data, and other relevant financial information must be reported.
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