Accessible Version
Survey Responses Indicating Improved Perceptions of Discount Window Usage Align with Observed Borrowing Behavior, Accessible Data
Figure 1. Discount Window Primary Credit Outstanding
Chart 1 is a line graph plotting a single line for discount window primary credit outstanding between the dates of March 16 and June 30, 2020. Outstanding volumes increased quickly in March 2020 to almost $50 billion and gradually declined to less than $10 billion at the end of June 2020. Source: confidential discount window data.
Source: Federal Reserve Board, Statistical Release H.4.1, "Factors Affecting Reserve Balances." Primary credit amounts are weekly averages as of Wednesday.
Figure 2. Primary Credit Borrowing by SFOS Respondents
Chart 2 is a pie chart illustrating the percentage of discount window primary credit loan volume for SFOS borrowers. Term loans, represented in blue, is almost double the volume of overnight loans, represented in red. Source: September 2020 Senior Financial Officer Survey results and confidential discount window data.
Source: Internal federal Reserve records from the September 2020 Senior Financial Officer Survey and on primary credit borrowings from March 2020 through June 2020.