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  • Discount Window
    Over 1,000 Depository Institutions have already signed-up to use Discount Window Direct -- the quick easy way for eligible institutions to utilize the Discount Window Sign-up Today! Getting Started
  • The Discount Window
    Federal Reserve lending to depository institutions (the “Discount Window”) plays an important role in supporting the liquidity and stability of the banking system and the effective implementation of monetary policy
  • Getting Started - frbdiscountwindow. org
    The following information will explain the basic principles and regulations that govern the Discount Window, the application process for access to Federal Reserve credit, and the different types of credit arrangements offered by the Discount Window
  • OC-10 Agreements - FRB Discount Window
    If your institution would like to establish access to the Federal Reserve Discount Window, please complete the Operating Circular No 10 (OC-10) agreements listed below The Instructions for Completing Required OC-10 Agreements guide provides direction on completing the agreements
  • Frequently Asked Questions
    The Federal Reserve Banks offer three discount window programs to depository institutions: Primary credit is for institutions in generally sound financial condition Secondary credit is for depository institutions that do not qualify for primary credit
  • Discount Window Direct
    Discount Window Direct (DWD) is a self-service application accessed through FedLine® that enables users to conduct Federal Reserve Bank (FRB) Discount Window activities in a new, modernized and convenient way This online application allows participating depository institutions to request advances (loans) and make prepayments on loans from
  • The Federal Reserve Discount Window
    Discount Window was intended as the principal instrument of central banking operations Although the Window was long ago superseded by open market operations as the most important tool of monetary policy, it still plays a complementary role
  • Borrowing - FRB Discount Window
    There are two ways to request an advance: Use Discount Window Direct (DWD), a self-service application; or call your local Reserve Bank Please be prepared to supply the following information when requesting an advance:




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