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 ...
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 ...
THE Bangko Sentral ng Pilipinas (BSP) has introduced a new discount window facility (DWF) that will allow banks to directly offer government and central bank securities in exchange for advances. The ...
Thank you, Steve, for that kind introduction and for the opportunity to talk to this group today.1 Let me start by saying that I am saddened by the tragic loss of life, destruction, and damage ...