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Borrowings from the Federal Reserve, Secondary (SECBORR)

Observation:

Sep 2018: 0  
Updated: Oct 11, 2018

Units:

Millions of Dollars,
Not Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max
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NOTES

Source: Board of Governors of the Federal Reserve System (US)  

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

Units:  Millions of Dollars, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

Secondary credit is 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 above the primary credit rate. 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. The secondary credit program entails a higher level of Reserve Bank administration and oversight than the primary credit program. A Reserve Bank must have sufficient information about a borrower's financial condition and reasons for borrowing to ensure that an extension of secondary credit would be consistent with the purpose of the facility.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Borrowings from the Federal Reserve, Secondary [SECBORR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SECBORR, October 15, 2018.

RELEASE TABLES

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






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