What is The Federal Reserve Discount Window and How it Operates

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  • #55026
    Helmholtz Watson
    Participant

    The Federal Reserve discount window is a lending facility that allows eligible depository institutions (such as banks and credit unions) to borrow fun
    [See the full post at: What is The Federal Reserve Discount Window and How it Operates]

    #55027
    TradersCom
    Keymaster

    Fed Discount Window Borrowing Soars To All-Time High

    – Discount Window Loans Jump To $152.9 Bln In Week To March 15
    – Banks Borrow $164.8 Bln From Fed Facilities In Week To March 15
    – Banks Borrowed $11.9 Bln From New Loan Facility From Sun-Wed

    #55028
    TradersCom
    Keymaster

    11 banks pledge $30 billion to First Republic Bank

    Bank of America, Wells Fargo, Citigroup and JPMorgan Chase will contribute about $5 billion apiece, while Goldman Sachs and Morgan Stanley will deposit around $2.5 billion, the banks said in a news release. Truist, PNC, U.S. Bancorp, State Street and Bank of New York Mellon will deposit about $1 billion each.

    “This action by America’s largest banks reflects their confidence in First Republic and in banks of all sizes, and it demonstrates their overall commitment to helping banks serve their customers and communities,” the group said in a statement.

    The deposits would be obligated to stay at First Republic for at least 120 days

    “This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system,” The Federal Reserve, Treasury Department, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency said in a joint statement.

    First Republic typically caters to high-end clients and firms, and its business includes wealth management and residential real estate loans. The company reported more than $212 billion assets at the end of December and generated more than $1.6 billion in net income last year.

    #55489
    TradersCom
    Keymaster

    Fed has reversed 2/3 of #QT on Banking Crisis

    Fed discount window loans fall in the week, term funding & FDIC bridge loans rose

    Federal Reserve balance sheet 8.783tln from 8.689tln week prior
    Discount-window loans $110.2b v $152.9b week prior
    Term funding loans $53.7b v $11.9b week prior
    FDIC bridge lending $179.8b $142.8b week prior

    #58776
    TradersCom
    Keymaster

    Fed Discount Window Borrowing At $9.05Bln On May 17 (prev $9.3Bln On May 10)

    – ‘Other Credit’ At $208.5Bln (prev $212.5Bln)
    – BTFP Lending At $87.0Bln (prev $83.1Bln)

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