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Federal Reserve Discount Rate

Federal Reserve Discount Rate Definition

Federal Reserve Discount Rate is the interest rate at which member banks borrow short term funds directly from their regional Federal Reserve Bank's lending facility. This rate is set by the boards of directors of each Federal Reserve Bank.

In addition to the Federal Reserve discount rate, the Fed also defines the federal funds rate that tends to be higher. Usually the larger banks get credit at the lower discount rate and then lend money to smaller banks. 







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