As “lender of the last resort,” the Federal Reserve makes credit available to financial institutions on an overnight basis through its discount window. According to the Fed, the discount ...
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There are downsides to discount window borrowing, Bowman told the Mid-size Bank Coalition of America Board of Directors Workshop, and that while banks ought to sign up and perhaps even test it ...
NEW YORK (Reuters) -Michael Barr, the Federal Reserve's regulatory chief, said on Thursday that banks should put aside worries about the stigma of using the U.S. central bank's discount window ...
(Reuters) - Federal Reserve Governor Michelle Bowman on Thursday said banks' use of the Fed's discount window is for emergencies, rather than for more usual liquidity needs, a narrow view of the ...