Thursday, 29 November 2012

Discount Window Borrowings Hit Lowest Level since February 2008

Discount Window Borrowings of Depository Institutions from the Federal Reserve ended the month of October on USD 1.5 billion according to figures from the Fed. This was the lowest level since February 2008 when it was USD 0.2 billion. At the height of the financial crisis it hit USD 403.5 billion (October 2008). Since January 2008, discount window borrowings averaged USD 63.4 billion. Over the last 12 months it has averaged USD 6.1 billion.



And here's one good reason for why discount window borrowings are so low in relative terms.



 

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