Contains publications that discuss the use, effect, or possible changes to the mechanics of the Discount Window. The Discount Window is “a safety valve in relieving pressures in reserve markets” and serves as the regional Federal Reserve Bank’s lending facility for reserve funds. While open market operations is now the most important tool of monetary policy, the Discount Window still plays a complementary role to ensure the basic stability of the payment system. For more information on the Discount Window, go to the Federal Reserve’s Discount Window website.
For discussions of individual Discount Window actions, please check the minutes of the FOMC, Board of Governors, and the Open Market Investment Committee (OMIC) reports.
Board of Governors of the Federal Reserve System (U.S.), ([year]), Reappraisal of the Federal Reserve Discount Mechanism, [issue title/date], accessed Aug 30, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=1206
- History of the Federal Reserve, Volumes 1 and 2 by Allan Meltzer - Citations and References
- Discount Window
Study of the Dealer Market for Federal Government Securities: Materials Prepared for the Joint Economic Committee, Congress of the United States
Materials prepared for the Joint Economic Committee, 86th Congress, 2nd Session
Y4.Ec 7:Se 2
United States. Congress. Joint Economic Committee, ([year]), Study of the Dealer Market for Federal Government Securities: Materials Prepared for the Joint Economic Committee, Congress of the United States, [issue title/date], accessed Aug 30, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=762