Wednesday, October 30, 2013

Q3 2011 Discount Window Borrowings

According to data released by the Federal Reserve, 23 credit unions borrowed from the Discount Window in the third quarter of 2011. The total amount of borrowings during the quarter was $68.555 million. These credit unions went to the Discount Window an aggregate of 34 times.

Two credit unions from North Dakota accessed the seasonal credit program for a total of $12.718 million in loans. Seasonal credit is extended to relatively small depository institutions that have recurring intra-year fluctuations in funding needs, such as financial institutions that are serving agricultural communities.

The rest of the credit unions used the primary credit program, which is reserved for a financial institution in sound financial condition.

The most frequent borrowers during the quarter were Wright Patman Congressional FCU (VA), Tip of Tx FCU (TX), and North Star Community CU (ND). Each credit union visited the Discount Window three times. (Click on image to enlarge)

Posted by at
Labels:

2 comments:

  1. AnonymousOctober 30, 2013 at 12:52 PM

    I'm sure what your point is in publishing this information, but you understand that based on NCUA's new rule requiring credit unions $250 million in assets and over to have a contingency funding source includes a provision requiring the Fed discount window (or CLF) be tested by the end of 2014. Hence, this exhibit will become even less relevant.

    ReplyDelete

Subscribe to: Post Comments (Atom)
 

The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.