The Discount Window is a facility provided by the Federal Reserve where banks can borrow money at the discount rate. This facility is meant for financial institutions that are in need of short-term funding to meet reserve requirements.
One of the 12 regional banks that, along with their branches, constitute the Federal Reserve System in the United States. These banks play a crucial role in monitoring the commercial and savings banks in their respective regions, ensuring compliance with Federal Reserve Board regulations, and providing access to emergency funds through the Discount Window.
A 'window' can refer to various contexts, including a time-limited opportunity, a Federal Reserve Bank's lending facility, a brokerage firm's cashier department, or a portion of a computer display screen.
