NEW YORK (Reuters) - Borrowing at a key Federal Reserve facility long associated with providing emergency loans to banks has been edging higher, recently climbing to over $10 billion for the first ...
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 efforts to overhaul a key emergency lending facility historically viewed with anxiety by banks are now being joined by potential congressional action. On Friday, Democratic ...
Rep. Patrick McHenry, a Republican of North Carolina and chairman of the House Financial Services Committee, said the Federal Reserve's discount window is in need of modernization. The chair of the ...
In the past several weeks, banks have been taking out emergency loans from the Federal Reserve to ensure they can cover withdrawals from customers. In the week that ended Wednesday, banks tapped more ...
The Federal Reserve is responsible for conducting monetary policy and maintaining the stability of the financial system. The Fed provided massive liquidity and implemented quantitative easing during ...
WASHINGTON - Borrowing at the discount window, for decades a contingency to avoid at almost any cost, is no longer taboo. Really. Six months after the Federal Reserve Board made changes meant to ...
When banks are under financial stress, where do they turn for help? Many go to the Federal Reserve, which, through its discount window, serves as a "lender of last resort" for banks. Last month, the ...
The discount window at the Federal Reserve allows banks to borrow money at an above-market rate in exchange for high-quality collateral. The facility is always available to use, but typically nobody ...