Examples of Restricted Securities Account in a sentence
The Collateral must be held by the Federal Reserve Bank in a Restricted Securities Account pledged to the Board according to Section 4.3 of the Operating Circular and Appendix C.
The Reserve Banks may also transfer any Pledged Securities in the Restricted Securities Account being closed to the Restricted Securities Account at the new Custodial Reserve Bank, which holds such Pledged Securities pursuant to the terms of this appendix.
In such situations, the Reserve Banks may close the Restricted Securities Account of the Pledgor at that Custodial Reserve Bank and may establish a new Restricted Securities Account for the Pledgor (or its successor in interest) at another Reserve Bank, which thereupon becomes the Custodial Reserve Bank for purposes of this appendix.
Pursuant to IC 5-13-13-7(e), an eligible Depository may, at any time, elect to pledge and deliver to the Board, which, at the discretion of the Board, may be to a Restricted Securities Account at the Depository's Federal Reserve Bank, Eligible Collateral in an amount equal to One Hundred Percent (100%) of its Public Funds on Deposit.
PRINCIPAL AND INTEREST PAYMENTS ON BOOK-ENTRY SECURITIES IN RESTRICTED SECURITIES ACCOUNTS 10.2.1 A Reserve Bank may hold in a non–interest-bearing funds account on its books the principal of Book-Entry Securities in a Restricted Securities Account that have matured or been fully called until the secured party authorizes the release of the principal.
Unfortunately, on Tuesday and Wednesday I was ill and unable to attend work.Thursday and Friday were spent conducting case preparation, researching and drafting an advice.
Maintenance of Book-Entry Securities in a Restricted Securities Account is the Reserve Bank’s means of marking its books to record the security interest in favor of a secured party.
During any Suspension Period, (i) Pledgor's right to direct such investments under this Section 4(b) shall be suspended, and Securities Intermediary shall not accept Entitlement Orders with respect to the Restricted Securities Account from any person other than Secured Party; and (ii) any credit balances shall be invested and reinvested only as provided in Section 4(c).
However, if, within that notice period, the Custodial Reserve Bank receives (a) written instructions from the Pledgor to otherwise transfer the Pledged Securities in the Restricted Securities Account that is to be closed and (b) the Government Pledgee’s written approval of the instructions described in clause (a), the Custodial Reserve Bank will transfer the Pledged Securities in accordance with those instructions, which may be prior to the end of the notice period.
Pursuant to IC 5-13-13-7(e), an eligible Depository may, at any time, elect to pledge and deliver to the Board, which, at the discretion of the Board, may be to a Restricted Securities Account at the Depository’s Federal Reserve Bank, Eligible Collateral in an amount equal to one hundred percent (100%) of its Public Funds on Deposit.