Credit rate which applies to short-duration loans made to a financial institution from a Central Bank. Secondary credit is designed to provide liquidity to a bank that is having financial difficulties. Secondary credit is provided to banks that do not qualify for the primary credit rate.
Related information about secondary credit rate:
- Discount Window - Federal Reserve Bank of New York
Secondary Credit Rate: 1.25% Secondary credit is extended on a very short-term basis to depository institutions not eligible for primary credit. It is available to ...
- What is secondary credit rate? definition and meaning
Definition of secondary credit rate: Credit rate which applies to short-duration loans made to a financial institution from a Central Bank. Secondary credit is ...
- Discount window - Wikipedia, the free encyclopedia
In 2006, these were: the primary credit rate (the most common), the secondary credit rate (for banks that are less financially sound), and the seasonal credit rate.
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Discount Rates; Current Discount Rates · Historical Discount Rates. Current Discount Rates. District, Primary Credit Rate, Secondary Credit Rate, Effective Date ...
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Jul 21, 2010 ... The secondary credit rate is above the primary credit rate. The spread between these two rates also may vary. Seasonal Credit The seasonal ...
- Primary and Secondary Credit Programs - Dallas Fed
The secondary credit rate is 50 basis points higher than the primary credit rate. These spreads, which were announced when the primary and secondary credit ...
- Discount Window Definition | Investopedia
The primary credit rate is a short-term rate charged for the most financially secure financial institutions. The secondary credit rate is a short rate that is charged for ...
- Interest Rates - Frequently Asked Questions (FAQs) - Federal ...
There are three primary discount rates: the primary credit rate, the secondary credit rate, and the seasonal credit rate. By law, the Board of Directors of each ...