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Master Account

A Master Account is the record of financial rights and obligations of an Account Holder and the Administrative Reserve Bank (or any other Reserve Bank maintaining a Master Account identified in Operating Circular 1) with respect to each other, where opening, intraday and closing balances are determined. A Master Account is identified by a Primary nine-digit Routing Transit Number (RTN).

Foreign-related institutions: U.S. branches and agencies of the same foreign bank and Edge and Agreement Corporations will have a single Master Account for each group of offices located in the same state and same Federal Reserve District. However, the U.S. branches and agencies of a foreign bank and the offices of an Edge or Agreement corporation can simulate a single Master Account nationwide by passing required reserve balances through a single Correspondent.

If your organization holds the Master Account, you are eligible to establish additional services by completing the following Accounting Services forms:

  • Form 1 – Daily Statement of Account and Monthly Statement of Service Charges Delivery Options
  • Form 4B – Delivery Profile for Intra-Day Premium Services
  • Form 6 – Affiliate Access for Account Management Information (AMI) Service
  • Form 7 – Request for Fedwire Details via the Search Feature in the Account Management Information (AMI) Application

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