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Home > Releases > H.3 Aggregate Reserves of Depository Institutions and the Monetary Base > Seasonal Borrowings of Depository Institutions from the Federal Reserve (SEABORR)

Seasonal Borrowings of Depository Institutions from the Federal Reserve (SEABORR)

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Units:  Levels | Chg. | Chg. from Yr. Ago | % Chg. | % Chg. from Yr. Ago | Comp. Annual Rate of Chg. | Cont. Comp. Rate of Chg. | Cont. Comp. Annual Rate of Chg.
Notes: Growth Rate Calculations | US recession dates
  Real-Time Period
Title Start     End     

Seasonal Borrowings of Depository Institutions from the Federal Reserve 1997-01-03 Current
 
Source    

Board of Governors of the Federal Reserve System (US) 1997-01-03 Current
 
Release    

H.3 Aggregate Reserves of Depository Institutions and the Monetary Base 1997-01-03 Current
 
Units    

Billions of Dollars 1997-01-03 Current
 
Frequency    

Monthly 1997-01-03 Current
 
Seasonal Adjustment    

Not Seasonally Adjusted 1997-01-03 Current
 
Notes    

The Federal Reserve's seasonal credit program is designed to assist small depository institutions in managing significant seasonal swings in their loans and deposits. Seasonal credit is available to depository institutions that can demonstrate a clear pattern of recurring intra-yearly swings in funding needs. Eligible institutions are usually located in agricultural or tourist areas. The interest rate applied to seasonal credit is a floating rate based on market rates. Under the seasonal program, borrowers may obtain longer-term funds from the Discount Window during periods of seasonal need so that they can carry fewer liquid assets during the rest of the year and make more funds available for local lending. To become eligible for seasonal credit, an institution must establish a seasonal qualification with its Reserve Bank. An institution that anticipates a possible need for seasonal credit is encouraged to contact its Reserve Bank to ascertain its eligibility and make arrangements in advance. Making arrangements does not obligate the institution to borrow. Critically undercapitalized institutions are not eligible for seasonal credit. Undercapitalized or significantly undercapitalized institutions may be eligible, but only after careful review of their condition and prospects.

1997-01-03 Current
 

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Money, Banking, & Finance > Monetary Data > Borrowings


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