Series 65: 1.2.1.2.2 Modifying The Discount Rate

Taken from our Series 65 Online Guide

1.2.1.2.2 Modifying the Discount Rate

The Fed also carries out monetary policy by lending funds to banks and depository institutions directly from its lending facility, called the discount window. The discount window rate is set by Federal Reserve banks and approved by the Board of Governors of the Federal Reserve System. This discount rate is the interest rate the Federal Reserv

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