Loans to Depository Institutions
- Topics:
- Commercial Lending,
- Financial Regulations
- Tags:
- Banking,
- Construction,
- Federal Reserve Bank Of New York,
- Federal Reserve Board,
- Finance,
- Financial Services,
- Institution,
- Operational Accounting
- Source:
- Federal Reserve Bank of New York
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Overview: This article is about Regulation A that governs borrowing by depository institutions at the Federal Reserve discount window. The Federal Reserve discount window is available to any depository institution that maintains transaction accounts or non-personal time deposits. (Transaction accounts are defined to include checking accounts, NOW accounts, share draft accounts, savings accounts that allow automatic transfers or third party payments by automated teller machines, and accounts that permit more than a limited number of telephone or pre-authorized payments or transfers each month.) The regulation provides for lending under several programs. It defines about different credit schemes like Adjustment credit, Seasonal credit, Extended credit and Emergency credit etc.
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Format: HTML | Date: Oct 2002 | Pages: 1
