Monday, October 5, 2015

CU Borrowings from Fed's Discount Window, Q3 2013

Seventy-six credit unions borrowed 187 times from the Federal Reserve's Discount Window during the third quarter of 2013. Credit unions borrowed an aggregate amount of $676,178,000.

This is up from 58 credit unions in the second quarter of 2013 and 48 credit unions from a year ago.

The Federal Reserve released this data on September 30.  The data are published with a two year delay.

Among the most active borrowers were Franklin Mint FCU and Educational Employees CU. Both credit unions visited the Discount Window 22 times during the quarter.

The average amount borrowed from the Discount Window was almost $3.6 million. The median amount borrowed was $1 million. The maximum amount borrowed was $31 million by Genisys CU.

The term of most borrowings was 1 day. Almost all Discount Window loans were through the primary credit program.

Information regarding borrowings disclosed below. (click on images to enlarge)

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