Odd Lots
Billions of Dollars in Fed Discount Window Suggests All Is Not Well in Banking
How much is that money in the window? The one with the stigma attached to it?
A dog waits by the window on Nov. 14, 2022.
Photographer: Damian Lemański/BloombergThis article is for subscribers only.
You may remember the Federal Reserve’s discount window from such crises as 2008 or 2020.
The facility allows banks to trade collateral — usually bundles of loans — for emergency liquidity from the Fed.