Data Gold September 6 report, Federal Reserve is seeking public opinion on the discount window. The discount window is the oldest tool that the Federal Reserve provides for deposit-taking institutions to support liquidity. According to a statement by the Federal Reserve on Thursday, public solicitation of opinions involves the collection of legal documents, collateral stakes and withdrawal procedures, loan application, receipt and repayment procedures, intraday credit provision, and communication related to the mechanism. Federal Reserve decision-makers and regulators hope that banks can more freely use the discount window to ensure that they can respond quickly in the event of financial shocks such as deposit bank runs. Banks have always been reluctant to use the Federal Reserve's discount window, fearing that it will be seen as a sign of weak or even desperate liquidity. In addition, many industry insiders believe that the operation of the discount window is clumsy, outdated, and cumbersome.
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Federal Reserve seeks public feedback on reforming discount window operations
Data Gold September 6 report, Federal Reserve is seeking public opinion on the discount window. The discount window is the oldest tool that the Federal Reserve provides for deposit-taking institutions to support liquidity. According to a statement by the Federal Reserve on Thursday, public solicitation of opinions involves the collection of legal documents, collateral stakes and withdrawal procedures, loan application, receipt and repayment procedures, intraday credit provision, and communication related to the mechanism. Federal Reserve decision-makers and regulators hope that banks can more freely use the discount window to ensure that they can respond quickly in the event of financial shocks such as deposit bank runs. Banks have always been reluctant to use the Federal Reserve's discount window, fearing that it will be seen as a sign of weak or even desperate liquidity. In addition, many industry insiders believe that the operation of the discount window is clumsy, outdated, and cumbersome.