Journal Article
A disaggregate analysis of discount window borrowing
Abstract: Discount window borrowing is an important source of liquidity for depository institutions. This article estimates the demand for adjustment credit of 240 commercial banks during 1981-90. By focusing on the borrowing behavior of individual banks, the authors are able to clarify some anomalies exhibited by borrowed reserves at the aggregate level.
Keywords: Discount window; Federal funds market (United States);
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Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Quarterly Review
Publication Date: 1991
Volume: 16
Issue: Sum
Pages: 52-62