Fed Board requests input on operational practices of discount window

The Federal Reserve Board yesterday announced it is seeking public input around the operational practices of the discount window, which provides short-term credit for banks and credit unions. Feedback gathered through this process will be used by the Board and the Reserve Banks, which administer the discount window, to further improve the efficiency and ease of access to discount window and intraday credit.

The request for information seeks input on Federal Reserve operational practices, including: the collection of legal documentation; the process for pledging and withdrawing collateral; the process for requesting, receiving, and repaying discount window loans; the extension of intraday credit; and Reserve Bank communication practices related to the discount window and intraday credit.

The comment period will close 90 days after the request for information is published in the Federal Register.