205 CUs Borrowed from Fed's Discount Window During Q3 2016

The aggregate amount borrowed by 205 credit unions from the Federal Reserve's Discount Window was $200,956,000 during the third quarter of 2016.

In comparison, during the second quarter of 2016, 186 credit unions borrowed from the Federal Reserve's Discount Window and borrowed an aggregate amount of $92.92 million.

During the quarter, credit unions visited the Federal Reserve's Discount Window 222 times.

The average amount borrowed during the third quarter of 2016 was $905,207. The median amount borrowed was $10,000.

The largest amount borrowed was $25 million by Chevron FCU for a one day term.

Most credit unions borrowing from the Discount Window used the primary credit program, which is reserved for healthy credit unions. Four credit unions used the seasonal credit program, which assists small depository institutions in managing significant seasonal swings in their loans and deposits.

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