CU Discount Window Borrowings, Q3 2012

During the third quarter of 2012, 48 credit union borrowed from the Federal Reserve's Discount Window.

The Federal Reserve releases this information with a two year lag.

The total number of transactions with the various Federal Reserve Banks during the quarter was 130.

Three credit unions accounted for almost half of the total number of borrowings. These credit union borrowers were Greater Springfield Credit Union (14), Northwest Community Credit Union (23), and Sun Community Federal Credit Union (27). The number of times they borrowed from the Discount Window appear in parenthesis.

The average amount borrowed was almost $4.3 million, while the median amount borrowed was $1.25 million.

The maximum amount borrowed was $50 million by Northwest FCU (Herndon, VA).

With the exception of two credit unions that access the Federal Reserve's seasonal credit program, all other borrowings were through the Federal Reserve's primary crdit program, which is reserved for healthy institutions.

Below is a list of credit unions that borrowed from the Federal Reserve by the date the loan was originated and the amount borrowed.