Congressional Research Service Issues Insight White Paper on Lenders of Next-to-Last & Last Resort
May 09, 2023
May 09, 2023
WASHINGTON, May 9 -- The Congressional Research Service issued the following Insight white paper (No. IN12157) on Lenders of next-to-last and last resort on May 8, 2023, by financial economics specialist Darryl E. Getter:
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Lenders of Next-to-Last and Last Resort: In Competition?
A solvent bank may seek a cash advance from the lender of last resort, meaning a district Federal Reserve bank's discount window, when it needs immediate liquidity. Howeve . . .
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Lenders of Next-to-Last and Last Resort: In Competition?
A solvent bank may seek a cash advance from the lender of last resort, meaning a district Federal Reserve bank's discount window, when it needs immediate liquidity. Howeve . . .