Repo facility preferred over discount window, SFOs say
Bank officers shun Fed lending facility amid persistent stigma
The US Federal Reserve’s long-standing effort to remove the stigma associated with borrowing from the discount window appears far from over, according to the latest Senior Financial Officers (SFO) survey.
Asked whether they would prefer to use the discount window or the standing repo facility (SRF) in a period of elevated money market rates, 34 out of 38 SFOs said they would favour the SRF. The
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