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Factors Supplying Reserve Balances: Loans to Depository Institutions: Secondary Credit (WLCFLSCL)

Observation:

2017-09-13: 0  
Updated: Sep 14, 2017

Units:

Millions of Dollars,
Not Seasonally Adjusted

Frequency:

Weekly,
As of Wednesday
1Y | 5Y | 10Y | Max
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  EDIT BAR 1
(a) Factors Supplying Reserve Balances: Loans to Depository Institutions: Secondary Credit, Millions of Dollars, Not Seasonally Adjusted (WLCFLSCL)
Secondary credit is a lending program available to depository institutions that are not eligible for primary credit. It is extended on a very short-term basis, typically overnight, at a rate that is 50 basis points above the primary credit rate. In contrast to primary credit, there are restrictions on the uses for secondary credit extensions. Secondary credit is available to meet backup liquidity needs when its use is consistent with a timely return to a reliance on market sources of funding or the orderly resolution of a troubled institution. Secondary credit may not be used to fund an expansion of the borrower's assets. Moreover, the secondary credit program entails a higher level of Reserve Bank administration and oversight than the primary credit program. Reserve Banks typically apply higher haircuts on collateral pledged to secure secondary credit. In addition, the liquidity position of secondary credit borrowers is monitored closely and the Federal Reserve typically is in close contact with the borrower's primary federal regulator.

Factors Supplying Reserve Balances: Loans to Depository Institutions: Secondary Credit

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(a) Factors Supplying Reserve Balances: Loans to Depository Institutions: Secondary Credit, Millions of Dollars, Not Seasonally Adjusted (WLCFLSCL)
Secondary credit is a lending program available to depository institutions that are not eligible for primary credit. It is extended on a very short-term basis, typically overnight, at a rate that is 50 basis points above the primary credit rate. In contrast to primary credit, there are restrictions on the uses for secondary credit extensions. Secondary credit is available to meet backup liquidity needs when its use is consistent with a timely return to a reliance on market sources of funding or the orderly resolution of a troubled institution. Secondary credit may not be used to fund an expansion of the borrower's assets. Moreover, the secondary credit program entails a higher level of Reserve Bank administration and oversight than the primary credit program. Reserve Banks typically apply higher haircuts on collateral pledged to secure secondary credit. In addition, the liquidity position of secondary credit borrowers is monitored closely and the Federal Reserve typically is in close contact with the borrower's primary federal regulator.

Factors Supplying Reserve Balances: Loans to Depository Institutions: Secondary Credit

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NOTES
Title Release Dates
Factors Supplying Reserve Balances: Loans to Depository Institutions: Secondary Credit 2011-07-07 2017-09-14
 
Source    
Board of Governors of the Federal Reserve System (US) 2011-07-07 2017-09-14
 
Release    
H.4.1 Factors Affecting Reserve Balances 2011-07-07 2017-09-14
 
Units    
Millions of Dollars 2011-07-07 2017-09-14
 
Frequency    
Weekly, As of Wednesday 2011-07-07 2017-09-14
 
Seasonal Adjustment    
Not Seasonally Adjusted 2011-07-07 2017-09-14
 
Notes    
Secondary credit is a lending program available to depository institutions that are not eligible for primary credit. It is extended on a very short-term basis, typically overnight, at a rate that is 50 basis points above the primary credit rate. In contrast to primary credit, there are restrictions on the uses for secondary credit extensions. Secondary credit is available to meet backup liquidity needs when its use is consistent with a timely return to a reliance on market sources of funding or the orderly resolution of a troubled institution. Secondary credit may not be used to fund an expansion of the borrower's assets. Moreover, the secondary credit program entails a higher level of Reserve Bank administration and oversight than the primary credit program. Reserve Banks typically apply higher haircuts on collateral pledged to secure secondary credit. In addition, the liquidity position of secondary credit borrowers is monitored closely and the Federal Reserve typically is in close contact with the borrower's primary federal regulator.

2011-07-07 2017-09-14
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Factors Affecting Reserve Balances Monetary Data Money, Banking, & Finance

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Secondary Supplies Credits Balance Reserves H.4.1 Factors Affecting Reserve Balances Loans Depository Institutions Weekly Board of Governors Not Seasonally Adjusted United States of America Nation
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H.4.1 Factors Affecting Reserve Balances






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