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Keywords:Discount window 

Journal Article
Lender of more than last resort

Recalling Section 13(b) and the years when the Federal Reserve banks opened their discount windows to district businesses in times of economic stress.
The Region , Volume 16 , Issue Dec. , Pages 14-17

Journal Article
Provision of liquidity through the primary credit facility during the financial crisis: a structural analysis

Professors Erhan Artu and Selva Demiralp of Ko University, Turkey, investigate whether changes to the Federal Reserve?s discount window borrowing facility represent a shift in how the nation?s central bank traditionally provided liquidity through the primary credit facility as well as whether the Fed would benefit from retaining these changes indefinitely. Presented at "Central Bank Liquidity Tools and Perspectives on Regulatory Reform" a conference sponsored by the Federal Reserve Bank of New York, February 19-20, 2009.
Economic Policy Review , Volume 16 , Issue Aug , Pages 43-53

Journal Article
The Federal Reserve’s Commercial Paper Funding Facility

Established in the wake of Lehman Brothers? bankruptcy to stabilize severe disruptions in the commercial paper market, the Commercial Paper Funding Facility (CPFF) allowed the Federal Reserve to act as a lender of last resort for issuers of commercial paper, thereby effectively addressing temporary liquidity distortions and alleviating the severe funding stress that threatened to further exacerbate the financial crisis. In doing so, the CPFF can be considered a noteworthy model of liquidity provision in a market-based financial system, where maturity transformation occurs outside of the ...
Economic Policy Review , Volume 17 , Issue May , Pages 25-39

Journal Article
Statement to Congress, November 21, 1985 (discount window lending to Farm Credit System and agricultural banks)

Federal Reserve Bulletin , Issue Jan

Journal Article
Statement to Congress, May 31, 1991 (review Federal Reserve's discount window activities)

Federal Reserve Bulletin , Issue Jul

Monograph
Instruments of the money market

Monograph

Working Paper
The lender of last resort: lessons from the Fed’s first 100 years

We review the responses of the Federal Reserve to financial crises over the past 100 years. The authors of the Federal Reserve Act in 1913 created an institution that they hoped would prevent banking panics from occurring. When this original framework did not prevent the banking panics of the 1930s, Congress amended the Act and gave the Federal Reserve considerably greater powers to respond to financial crises. Over the subsequent decades, the Federal Reserve responded more aggressively when it perceived that there were threats to financial stability and ultimately to economic activity. We ...
Working Papers , Paper 2012-056

Journal Article
Replacement windows: new credit programs at the discount window

Monetary Trends , Issue May

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