Wednesday, January 27, 2016

CU Discount Window Borrowings, Q4 2013

During the fourth quarter of 2013, 100 credit union borrowed from the Federal Reserve's Discount Window.

In comparison, 76 credit unions went to the Discount Window to borrow in the third quarter of 2013 and 37 credit unions borrowed from the Discount Window in the fourth quarter of 2012.

The Federal Reserve on December 31, 2015 released raw data on bank and credit union borrowings from the Federal Reserve's Discount Window.

The aggregate amount borrowed during the fourth quarter of 2013 was $117.89 million.

The average credit union borrowing from the Federal Reserve's Discount Window was slightly more than $1 million. The median amount borrowed by credit unions was $100,000.

During the fourth quarter of 2013, the maximum amount borrowed was $15 million by University of Iowa Community Credit Union (Iowa City, IA).

Almost all borrowings from the Discount Window were through the Federal Reserve's primary credit program, which is reserved for healthy institutions. One credit union, First Community CU (ND), borrowed through the Federal Reserve's seasonal credit program and one credit union, First Financial of Maryland FCU (MD), borrowed from the Federal Reserve's secondary credit program.

Below is information on the term of the Discount Window borrowings, name of the credit union borrower, and the amount borrowed.

No comments:

Post a Comment


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.