Discount window borrowing hits fresh high

US commercial banks borrowed an average of $16.8 billion per day from the regional Federal Reserves' discount windows in the week to Wednesday, the highest-ever amount.

"The bulk of the increase for the week as a whole reflects the continued growth of the Fed's discount window as a routine source of term funding by banks, " said Lou Crandall, the chief economist at Wrightson ICAP, a research firm.

Commercial banks can borrow from the discount window of any of the 12 regional Feds for up to 90

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: