Back in the 1960s, a discount window actually existed at Federal Reserve banks; pictured above is Bernie Berns at the discount window of the Federal Reserve Bank of St. Louis in 1967.

CHILDS: The discount window is actually part of the reason the Fed was created in the first place. In the early 1900s, there were all these bank runs. And one of America's richest guys, ...

Discount window borrowing climbed to $110.2 billion as of Wednesday, down slightly from $152.9 billion the previous week — when the turmoil started. Those figures are abnormally elevated: ...

Discount window borrowing hit a record of nearly $153 billion in March following the SVB and Signature collapses, and the Fed was forced to set up a new emergency lending facility as well.

The discount window is like a safety net for banks. And recently, a lot of banks have needed it. So, what is the discount window, where did it come from, and how does it work?

The discount window "has deficiencies that have led to severe stigma, increasing the risk of banking panics and deposit runs," former New York Fed President William Dudley said in Warner's ...

The discount window allows banks to borrow money directly from the Fed, usually for short-term needs. Spikes in the lending facility's usage coincide with financial turmoil (think the 2023 ...

"We view using the discount window as a fully acceptable, normal part of any bank's funding needs if it makes sense for them to use it from a financial perspective," Barr, the Fed's vice chair for ...

The Federal Reserve has taken steps to reduce the stigma that has long plagued its discount window, though recent surveys indicate banks are still hesitant to use the key backstop facility.

The discount window at the Federal Reserve allows banks to borrow money at an above-market rate in exchange for high-quality collateral. The facility is always available to use, but typically ...