The Credit Risk Management (CRM) unit administers daylight and overnight credit to Fifth District depository institutions through our discount window, payment system risk, condition monitoring and collateral functions.
The Payment System Risk (PSR) function administers the Federal Reserve's Payment System Risk Policy for depository institutions in the Fifth District. The primary functions of the group include monitoring and counseling depository institutions that incur daylight overdraft policy violations or overnight overdrafts in their Federal Reserve accounts and assessing fees or penalty charges when warranted. PSR also works closely with Condition Monitoring staff to monitor the safety and soundness of Fifth District depository institutions and applies controls to Federal Reserve accounts to protect the Reserve Bank from risk in providing payment services to financially unhealthy depository institutions.
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