1. Short title This Act may be cited as the Risk Management for Derivatives Clearing Organizations Act . 2. Access to Federal reserve bank accounts and services Section 806 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5465 ) is amended— (1) in subsection (a)— (A) by striking a designated financial market utility and and inserting a designated financial market utility, a derivatives clearing organization registered with the Commodity Futures Trading Commission under the Commodity Exchange Act that has been approved to hold such an account by the Commodity Futures Trading Commission, or a clearing agency registered with the Commission under the Securities Exchange Act of 1934 that has been approved to hold such an account by the Commission, and ; (B) by striking designated financial market utility that and inserting financial market utility that ; and (C) by inserting after by the Board of Governors the following: , as well as any applicable rules, orders, standards, or guidelines, including, in particular, liquidity requirements, prescribed by the financial market utility’s primary financial regulatory agency. Access to discount and borrowing privileges may only be provided to a financial market utility in accordance with subsection (b) ; (2) in subsection (c), by striking designated financial market utility and inserting financial market utility ; and (3) in subsection (d), by striking designated financial market utility each place such term appears and inserting financial market utility .