Copyright 2016, International Monetary Fund.
Use of the Fed's discount window soared in late 20, as financial conditions deteriorated sharply and the central bank took steps to inject liquidity into the financial system.
July 27, 2015 (PDF june 15, 2015 (PDF march 30 through April 27, 2015 (PDF).
Seasonal credit is extended to relatively small depository institutions that have recurring intra-year fluctuations in funding needs, such as banks in agricultural or seasonal resort communities.
February 6 through March richard petty driving experience discount coupon 12, 2012 (PDF).The discount rate is actually three separate but related rates.The Federal Reserve Banks offer three discount window programs to depository institutions: primary credit, secondary credit, and seasonal credit, each with its own interest rate.Further information on the discount window, including interest rates, is available from the Federal Reserve System's discount window web site.Usage after September 11, 2001 edit, after the, september 11, 2001 attacks, as the volume of borrowing requests increased dramatically, lending to banks through the discount window totaled about 46 billion, more than two hundred times the daily average for the previous month.
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In 2006, these were: the primary credit rate (the most common the secondary credit rate (for banks that are less financially sound and the seasonal credit rate.
Skip to main content, sections, the Discount Rate - Archive, march 28 through April 25, 2016 (PDF).
On March 16, 2008, concurrent with measures to rescue Bear Stearns from insolvency and to stem further institutional bank runs, the Federal Reserve announced 5 significant and temporary changes to primary credit lending terms.
April 23 and May 2, 2018 (PDF).
The seasonal credit rate is available to institutions that experience predictable seasonal fluctuations, such as banks serving agricultural and tourist vitacost vitamins promo code communities.The Discount Rate, the discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility-the discount window.July 14 and July 28, 2014 (PDF).(Because primary credit is the Federal Reserve's main discount window program, the Federal Reserve at times uses the term "discount rate" to mean the primary credit rate.) The discount rate on secondary credit is above the rate on primary credit.June 2 and June 16, 2014 (PDF).June 5 and June 14, 2017 (PDF).