Page 3 - Discount Window News Today

America’s Credit Unions President/CEO Jim Nussle urged the House Financial Services Subcommittee on Financial Institutions and Monetary Policy to ensure

Economists at a hearing Thursday promoted increased use of the Fed's discount window -- which helps commercial banks manage short-term liquidity needs -- to insulate the economy from risks of financial crisis.

/PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent company of BankFirst Financial Services, Macon, Mississippi...

(Bloomberg) -- When Brookline Bancorp Inc. needs to borrow short-term cash quickly — part of the regular course of business for the Boston-based lender — it has a range of options. One source of cheap money it’s loath to turn to, however, is the Federal Reserve for fear of setting off alarm bells. Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionJPMorgan Shuffles Top Man...

Mifflintown, Jan. 26, 2024 -- Mifflintown, PA, January 26, 2024 -- Juniata Valley Financial Corp. announced net income for the three months ended December 31, 2023 of $1.7 million compared to...

SCRANTON, Pa., Jan. 25, 2024 /PRNewswire/ -- Peoples Financial Services Corp. , the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at...

/PRNewswire/ -- Peoples Financial Services Corp. ("Peoples") (NASDAQ: PFIS), the bank holding company for Peoples Security Bank and Trust Company, today...

The Federal Reserve and U.S. Treasury recently made a big change to their banking rules: Big banks will now be forced to use the Fed's discount window (which was previously only used as a last resort by struggling banks) at least once a year. The Fed tried to argue that the last economic crisis was spurred by banks.

The Group of 30 (G30), an international forum of central bankers, economists and private financiers, also said improving accounting standards, more comprehensive stress testing and better supervision, would help prevent future bank failures. Last year's collapses of Silicon Valley Bank, Signature Bank, First Republic Bank and Credit Suisse constituted the worst financial crisis since 2007-2009. However, reforms proposed so far have under-emphasized the importance of "lender of last r...

Bank Borrowing From Fed Bailout Program Has Surged :: The Market Oracle ::