Financial Services Financial Services

US Fed plan to mandate regular discount window borrowing unlikely to be effective, study says

By Neil Roland
  • 14 May 2024 20:56
  • 14 May 2024 20:56
A US Federal Reserve Bank of New York study found that a proposal to mandate regular discount window borrowing from the Fed is unlikely to be effective at curing the stigma felt by banks at doing so.
The discount window can provide large amounts of liquidity to banks nearly instantaneously

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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