A previously pledged collateral BBC form can be changed by the customer by entering the revised/updated dollar amount in the beginning balance box (no other entries are necessary) of the BBC form for the collateral type to be changed. The form will need to be ‘certified’ in order to send it to the FHLB Des Moines for processing. Once the form is processed, the updated advance equivalent value of the collateral type will then appear in your advance equivalent value of collateral pledged.
Once a quarter-end date has passed, updated amounts for the prior quarter-end are no longer allowed.
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