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 ...

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Fed Discount Window Needs ‘More Work’ to Lift Bank Participation Officials trying to boost banks’ willingness to use backstop Bank Policy Institute, Fed surveys show tool still stigmatized ...

(Bloomberg) -- The Federal Reserve has taken steps to reduce the stigma that has long plagued its discount window, though recent surveys indicate banks are still hesitant to use the key backstop ...