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

Observations

Aug 2020: 0.038
Updated: Sep 10, 2020 3:46 PM CDT
Aug 2020:  0.038  
Jul 2020:  0.026  
Jun 2020:  0.011  
May 2020:  0.002  
Apr 2020:  0.000  

Units:

Billions of Dollars,
Not Seasonally Adjusted

Frequency:

Monthly

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Notes

Title Release Dates
Seasonal Borrowings of Depository Institutions from the Federal Reserve 1997-01-03 2020-09-09
Seasonal Borrowings of Depository Institutions from the Federal Reserve (DISCONTINUED) 2020-09-10 2020-09-10
 
Source    
Board of Governors of the Federal Reserve System (US) 1997-01-03 2020-09-10
 
Release    
H.3 Aggregate Reserves of Depository Institutions and the Monetary Base 1997-01-03 2020-09-10
 
Units    
Billions of Dollars 1997-01-03 2020-09-10
 
Frequency    
Monthly 1997-01-03 2020-09-10
 
Seasonal Adjustment    
Not Seasonally Adjusted 1997-01-03 2020-09-10
 
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 2020-09-09
The Board of Governors discontinued the H.3 statistical release on September 17, 2020. For more information, please see the announcement (https://www.federalreserve.gov/feeds/h3.html) posted on August 20, 2020.

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.

2020-09-10 2020-09-10

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H.3 Aggregate Reserves of Depository Institutions and the Monetary Base

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H.3 Reserves of Depository Institutions & Monetary Base Borrowings Discontinued Depository Institutions Board of Governors Monthly Nation Public Domain: Citation Requested United States of America Not Seasonally Adjusted