We know that buying Microsoft software can be expensive, but many of us still need to get our hands on the latest version of ...

As “lender of the last resort,” the Federal Reserve makes credit available to financial institutions on an overnight basis through its discount window. According to the Fed, the discount ...

Use of the Fed's 'Discount Window' where banks borrow funds directly from the central bank had shown no signs of increasing in the weeks before Silicon Valley Bank's collapse. It saw extensive use ...

After a brief spike up in loans from the Fed's discount window after the collapse of Silicon Valley Bank, advances from the Fed's traditional emergency facility have dropped off. Loans from the ...

The rapidity of deposit outflows during the March 2023 banking run highlights the important role that the Federal Reserve’s discount window should play in strengthening financial stability. A lack of ...

The discount window has been under attack recently as a costly and unnecessary tool of policy. This paper argues that the primary role of the discount window should be to provide occasional, temporary ...