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Collateralization Requirements

All CDs over and above the Base CD must show collaterazation for the full term of the CD through either explicitly guaranteed U.S. obligations or through FDIC insurance. 

Collateralization Change Notice 2/10/2009

To pledge a security:

Send a fax on your institution's letterhead to 617-973-3619. The fax should say:

"We want to open an account under the name of the 'Finance Authority of Maine.' Please link our ABA number to the Account of the 'Finance Authority of Maine' #A700 for the purpose of collateralization. Our ABA # is: ________________________ Our Contact Information is: ___(name)__________ at _(phone number)_."
This will establish a joint account with the Federal Reserve in Boston. The security you pledge will collateralize the CD per our program rules.

If you need to speak with the Federal Reserve Bank, the phone number is 1-800-327-0147 and you choose Option #1.

For further questions or correspondence please contact:

Michelle Kimball
207-624-7478

Office of the State Treasurer
39 State House Station
Augusta, ME 04333-0039