Archive for the ‘DISCOUNT WINDOWS’ Category

European Central Bank – Discount Window

Monday, January 21st, 2008

The Marginal Credit Facility is the ECB's version of the discount window.

Federal Reserve Discount Window

Monday, January 21st, 2008

The Federal Reserve Discount Window is an instrument of monetary policy that allows eligible institutions to borrow money, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions. The Federal Reserve will not publish information regarding institutions' eligibility for primary or secondary credit. Indeed, at ...

Bank of England – Liquidity Support Facility

Saturday, January 19th, 2008

The BofE's version of the discount window is the Liquidity Support Facility. So far, Northern Rock is the only bank to have used this facility, 8 Billion @ 6.75% Penalty Rate.

National Credit Union Administration – Central Liquidity Facility

Saturday, January 19th, 2008

The NCUA Central Liquidity Facility is a mixed ownership government corporation created to improve the general financial stability of credit unions by serving as a liquidity lender to credit unions experiencing unusual or unexpected liquidity shortfalls. Member credit unions own the CLF which exists within the NCUA. The President of ...