Tuesday, July 21, 2015

CU Discount Window Borrowings, Q2 2013

The Federal Reserve recently released information regarding credit union discount window borrowings from the second quarter of 2013.

During the quarter, 58 credit unions borrowed an aggregate amount of almost $141 million from the discount window.

XCEL FCU (Bloomfield, NJ) was the most frequent borrower -- going to the discount window 14 times during the quarter.

Genisys CU (Auburn Hills, MI) on May 29, 2013 borrowed the most at $43.46 million.

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2 comments:

  1. Jim BlaineJuly 21, 2015 at 10:34 AM

    Doc,

    Are you aware that the FED is "asking" CUs (and most assuredly banks) to "test" the borrowing process... that's what a lot of those $1k/$10k borrowings are about... the real story is what it may imply about how the FED is going to manage liquidity going forward.. and rates paid to "soak up" the excess liquidity in the system. Don't know much more, but your readers might like the scoop!

    Now also if you're near Caswell Beach around sunset during first week in August you are invited for porch drinks and Clyde's final fling... think it would make for great selfie/post... won't make you stand downwind - promise! OK?

    ReplyDelete
  2. Keith LeggettJuly 21, 2015 at 3:04 PM

    Yes, I am aware that many of the small dollar borrowings are for testing the borrowing process.

    ReplyDelete