Where can I find the regulation if theirs the need of a FED trade ID license to complete a mtn transaction?

Is this correct that since January 2008, not one deal can be done without this kind of license, and this for mtn notes in the USD currency.

Probably some links are available which state this statement?

Have many do you intend to ask this question.

we have responded and will obligingly forwarded you a link to an earlier discussion. It is clear you have not accepted our opinions so why don't you waste the time of the Federal Reserve, who can clearly point to your two areas. Either the area where you can this so called list or to the authorities so that you can be questions as to the name of the party giving you this BS. Why dont you ask the party for a copy of his FED ID Number, call the FED RES and ask them to confirm, too lazy to do this I suspect???

I will pose these questions till I have the answers on my questions, if you like it or not.

I advice you to behave a little bit your sayings as this is showing what kind of person you're.

As I've called the FED several times and if I received the appropriate answers I shouldn't use this channel anymore.

I'm wondering if this is channel where we can find correct information on our questions or either a channel where people are attacked because of missing knowledge, information and therefore immediately catalogue as lazy.

We all know that you're the smart man. However accept that lots of people are not in your position. As an intellect man you should accept this and behave you in this matter. This is the real value of a person.

Below you will find the answer you get from the FED when asking: "To keap a simple question short: IS THERE SUCH A THING AS A FED ID? I am not sure if this question is directed now to the correct address but it seems so difficult to get an answer .... Thank you for your time best regards ...."


from: "FRB.Mail@frb.gov" <FRB.Mail@frb.gov>
Dienstag, 15. Juni 2004 21:10 Uhr
Reponse to your email concerning: General Inquiry

Dear Mr. ...:

Thank you for your correspondence inquiring about a Fed ID.


The term, Fed ID in general means an identification that an employee of

the Federal Reserve would use while at work, which consists of a badge

with the employee's picture, much like a driver s license. However, there

is no such thing as Fed ID in banking terms.


Sincerely,


EH

Board Staff


IF YOU NEED TO REPLY TO THIS EMAIL, YOU MUST DO SO FROM OUR PUBLIC WEB SITE AT:

http://www.federalreserve.gov/feedback.cfm .


Monsieur Deflandre,

it will not get more official than that.

Just take it as it is.

Best regards
.....

If the Fed Reserve tell you there is no such number then why would someone on this board attempt to tell you different. This board is mostly experienced professional people who do not play games. It is the silly brokers offering nonsensical paper and stupid claims of Fed Nos and UN numbers that are causing you these problems. GO to your bank officer give him the name of the entity you told you he had a FED ID number get him to check it out, or better still sit there and wait for 10 mins when the bank security officer will come to you and ask you so many questions you will not know what you have gotten yourself into. These brokers will not be around to assist you.
If you want to close an MTN deal go to your bank and request one bear in mind, that

a) you need cash not a credit line unless you are a customer of the bank with the MTN

b) A track record of buying in such large amounts

C) the most important issue, a PRINCIPLE and not a third party. Banks do not work with third parties especially ones who are not registered as licensed brokers.

Beside the fact that there is a Federal Reserve ID number in the ABA account of each bank member, and an id number for each shareholder of the Federal Reserve system, there is an employee ID, which is not to be used outside the building. Otherwise there is no such thing as a specific Federal Reserve ID.

Now there are file ID's which are registered by the specific departments. For certain facilities such file ID's are matched by the US Treasury if Federal US financial instruments under the authority of the US Treasury are used in relation to a market operation through the channels of the Federal Reserve System. This involves also certain placement contracts which are registered with the Treasury or any appropriations facility in the US for Federal purpose, they carry a reference number which correspondent to the budget reference plus a signature file and a market department reference.

These are numbers which trace back to the budget and accounting and link through a system of sub links, they are not ID's but general placement and other agreements and they are not public till ordered so. If you want to identify historic files use the Freedom of Information Act. Otherwise get an accounting class and get into the deep crevices of the government accounting.

There are certain placement contract which are held by institutional structures allowing to draw on facilities which have US Federal Reimbursement arrangements and they carry an id which when transacted will be included in the transaction reference.

I can tell you that such numbers are known by the settlement offices in the money center banks of the G7 not G8 and in the major Central Banks as well as BIS as well as some participants holding on to pool facilities related to such arrangements. They are never used for an gray market operation and if someone would use them for backdoor verification all the players of that group would kick his behind to somewhere in Mongolia or in an Ebola zone in Africa. Far that reason anyone coming up with such talk as "I have a Fed ID" is looking at a suspicious activity report, a message to the regulatory body and a rather harch dressing down by the involved bank.

Therefore: There is no such thing as a Fed ID! Even the employee card has a different name.

I hope this is clear enough.

Mr. Ludwig, I appreciated your professional comments and therefore my thanks.

ABA = American Bankers Association Number (or commonly known as "Routing Code").

link: http://www.fedwiredirectory.frb.org/search.cfm

The main link for funds through NY:
Bank Name TREAS NYC/FUNDS TRANSFER DIVISION
Location NEW YORK, New York
Routing Number 0210-3000-4
Telegraphic Name TREAS NYC

the routing number is an account id number

for Philadelphia:

Bank Name TREAS PHIL FIN CTR/FUNDS TRANS DIV
Location NEW YORK, New York
Routing Number 0210-3003-3
Telegraphic Name TREAS PHIL FIN CTR

or for West Coast

Bank Name TREAS SF FIN CTR/FUNDS TRANSFER DIV
Location NEW YORK, New York
Routing Number 0210-3004-6
Telegraphic Name TREAS SF FIN CTR

so you see all moves via NY.


see the full range of the FRB electronic services see: http://www.frbservices.org/serviceofferings/index.html

for the account services: http://www.frbservices.org/accountservices/index.html

for the Terms and Conditions of FRB accounts: http://www.frbservices.org/files/regulations/pdf/operating_circular_1.pdf

I recommend reading http://www.federalreserve.gov/BOARDDOCS/PRESS/BCREG/2004/20040720/attachment.pdf on the reserve requirements and remember that any securities which carry a conditional or unconditional reimbursement cover (hidden or open) will carry a special reference and make the rules of engagement very clear.