Friday, July 8, 2016

Q2 2014 CU Borrowings from Federal Reserve's Discount Window

According to information released by the Federal Reserve, 160 credit unions borrowed from the Federal Reserve's Discount Window during the second quarter of 2014.

In comparison, 116 credit unions borrowed from the Federal Reserve during the first quarter of 2014.

The Federal Reserve is required to disclose with a two year delay information on borrowings from the Discount Window.

During the second quarter of 2014, there were 197 transactions. Total borrowings were almost $212.7 million.

The average amount borrowed was $1,079,538. The median amount borrowed was $10,000, which indicates that numerous borrowings by credit unions were to test their ability to access the Federal Reserve's Discount Window.

The maximum amount borrowed was $50 million by Delta Community Credit Union (Atlanta, GA).

True North Federal Credit Union (Juneau, AK) made the most trips to the Discount Window at 12 during the quarter.

Alabama One Credit Union (Tuscaloosa, AL) was the only credit union to borrow from the Discount Window's secondary credit program.

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