TITLE

Discount Window Shatters Record

AUTHOR(S)
Sloan, Steven
PUB. DATE
September 2008
SOURCE
American Banker;9/19/2008, Vol. 173 Issue 182, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on an increase in lending which was seen during the week of September 19, 2008 at the U.S. Federal Reserve Board's discount window. Lending which occurred at the window on September 17, 2008 reached $121.3 billion, and in doing so shattered all previous lending records at the window. A discussion of the factors, including Lehman Brother's bankruptcy, which led to the increase, is presented.
ACCESSION #
34446645

 

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