The Federal Reserve's discount window is supposed to be the lender of last resort for banks in need of emergency liquidity, but banks have historically been reluctant to use it, and Silicon Valley ...
As “lender of the last resort,” the Federal Reserve makes credit available to financial institutions on an overnight basis through its discount window.
Federal Reserve Vice Chair for Supervision Michelle Bowman in the House Financial Services Committee in December. WASHINGTON — Fed watchers say a proposed revamp of the discount window would be a ...
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