‘No frowning’ on banks for discount window borrowing – Fed official

More banks have completed paperwork to access Fed lending facility than a year ago

Federal Reserve Bank of Richmond
The Federal Reserve Bank of Richmond

A senior Federal Reserve official has insisted there will be “no frowning” on banks that use the discount window to meet their liquidity needs.  

Banks have long resisted using the Fed’s lender of last resort facility for fear that it will be perceived by supervisors as a sign of weakness.

Lisa White, executive vice-president for supervision, regulation and credit at the Richmond Fed, said those concerns were anchored in the past and no longer valid.  

“We are trying to shift the perspective that I

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