The Federal Reserve Act requires Reserve Banks' boards of directors to establish the discount rate, subject to review and determination by the Board of Governors, at least every two weeks. Reserve Banks' boards of directors establish the level of the primary credit rate, not a spread relative to another rate. FRB Rates - discount, fed funds, primary credit. View FRED Help for faster help. We will reply as soon as possible. If you have not received a response within two business days, please send your inquiry again or call (314) 444-3733.

Primary Credit is a key lending program of the Federal Reserve Banks’ discount window. Primary Credit is a convenient source of contingency funding for eligible depository institutions, and extensions to institutions support the orderly operation and liquidity behind domestic financial and payments markets. As described in more detail below, depository institutions have access to three types of discount window credit--primary credit, secondary credit, and seasonal credit. All discount window loans must be collateralized to the satisfaction of the lending Reserve Bank. The primary credit rate is the basic interest rate charged to most banks. It's higher than the fed funds rate. The current discount rate is 2.75%. The secondary credit rate is a higher rate that's charged to banks that don't meet the requirements needed to achieve the primary rate. It's 3.25%. Effective for discount window loans (primary, secondary, and seasonal credit) extended on or after July 21, 2010, the Federal Reserve will publicly disclose the following information, generally about two years after a discount window loan is extended to a depository institution: On August 17, 2007, the Board of Governors of the Federal Reserve announced a temporary change to primary credit lending terms. The discount rate was cut by 50 bp—to 5.75% from 6.25%—and the term of loans was extended from overnight to up to thirty days. Primary Credit is a key lending program of the Federal Reserve Banks’ discount window. Primary Credit is a convenient source of contingency funding for eligible depository institutions, and extensions to institutions support the orderly operation and liquidity behind domestic financial and payments markets.

Primary credit is available on a very short-term basis, typically overnight, at a rate 50 basis points above the Federal Open Market Committee's (FOMC) target rate for federal funds. The primary credit facility helps provides an alternative source of funding if the market rate exceeds the primary credit rate, thereby limiting trading at rates significantly above the target rate.

4 days ago Thus, the discount window supports the smooth flow of credit to This reduction in the primary credit rate reflects both the 100 basis point  The interest rate for primary credit is 100 basis points above the federal funds target rate, Discount Window Lending Will Be Disclosed by the Federal Reserve. 2 days ago In the Fourth Federal Reserve District and elsewhere in the country, at the Federal Reserve's discount window (the primary credit rate) and  in the United States and that the Fed's discount window is the primary mech- force banks to pay “a penalty interest rate” when they borrow from the The Federal Reserve Discount Window, supra note 67 (limiting Primary Credit borrow -. R. The discount window primary credit rate is charged for discounts made and advances extended under the Federal Reserve's primary credit discount window   Borrowing: Evidence from the Federal Reserve's New Discount Window Standing facilities are designed to place an upper bound on the rates at which the Federal Reserve's new primary credit facility and the US federal funds market. the Federal Reserve primary credit rate or the Federal Financing Bank advance rate. As is the case for Discount Window loans, CLF borrowers must be 

The primary credit rate is the basic interest rate charged to most banks. It's higher than the fed funds rate. The current discount rate is 2.75%. The secondary credit rate is a higher rate that's charged to banks that don't meet the requirements needed to achieve the primary rate. It's 3.25%.

1 day ago The Federal Reserve said it would start making loans to American facility for primary dealers, similar to how the Fed's discount window provides a to small- and midsize companies at the Fed's primary credit rate, 0.25%. 4 days ago Thus, the discount window supports the smooth flow of credit to This reduction in the primary credit rate reflects both the 100 basis point  The interest rate for primary credit is 100 basis points above the federal funds target rate, Discount Window Lending Will Be Disclosed by the Federal Reserve. 2 days ago In the Fourth Federal Reserve District and elsewhere in the country, at the Federal Reserve's discount window (the primary credit rate) and  in the United States and that the Fed's discount window is the primary mech- force banks to pay “a penalty interest rate” when they borrow from the The Federal Reserve Discount Window, supra note 67 (limiting Primary Credit borrow -. R. The discount window primary credit rate is charged for discounts made and advances extended under the Federal Reserve's primary credit discount window  

rate on fed funds on this particular Wednesday afternoon has soared far above its level earlier that day. the Federal Reserve Bank discount window for a loan for that amount. The computer Board and the Reserve Bank were to find that credit from other of borrowing as primary elements of lending policy. The new 

perfectly benign reasons for accessing the discount window: a bank that receives a is usually discussed in the context of primary credit, which is available to healthy opportunity between the discount and fed funds rates. This allowed the   the Federal Reserve's discount window advances in certain situations. The revisions to The interest rate for primary credit was set initially at a level. 100 basis 

2 days ago In the Fourth Federal Reserve District and elsewhere in the country, at the Federal Reserve's discount window (the primary credit rate) and 

The Federal Reserve Act requires discount window credit to be made on a non- rate and increased the allowable term for primary11 credit borrowing to 30  rate on fed funds on this particular Wednesday afternoon has soared far above its level earlier that day. the Federal Reserve Bank discount window for a loan for that amount. The computer Board and the Reserve Bank were to find that credit from other of borrowing as primary elements of lending policy. The new 

19 Feb 2010 To maintain the flow of credit, the Federal Reserve has made clear that known as discount window borrowing or primary credit, is provided at  17 Aug 2007 The Federal Reserve says it has approved a half-percentage point cut in the temporary changes to its primary credit discount window facility. 28 Jan 2004 Standing facilities are designed to place an upper bound on the rates at which financial Keywords: Discount loans, primary credit, discount window Borrowing: Evidence from the Federal Reserve's New Discount Window. The discount rate charged for primary credit (the primary credit rate) is set above the usual level of short-term market interest rates. (Because primary credit is the Federal Reserve's main discount window program, the Federal Reserve at times uses the term "discount rate" to mean the primary credit rate.) The discount rate on secondary credit is above the rate on primary credit. The discount rate for seasonal credit is an average of selected market rates.