Credit rate which applies to loans of short duration provided to small lending institutions by a Central Bank for the purpose of providing liquidity. Banks requesting this type of credit experience seasonal fluctuations in the amount of funds they need, and are often found in transitional communities based on farming and tourism.
Related information about seasonal credit rate:
- What is seasonal credit rate? definition and meaning
Definition of seasonal credit rate: Credit rate which applies to loans of short duration provided to small lending institutions by a Central Bank for the purpose of ...
- Historica Seasonal Credit Interest Rates - Discount Window
A, B, C, D, E, F, G, H, I. 1, Seasonal Rate, Effective Date, Seasonal credit is available to help relatively small depository institutions meet regular seasonal needs ...
- The Federal Reserve Bank Discount Window & Payment System ...
Jul 21, 2010 ... The seasonal credit rate is based on market interest rates. It is reset on the first business day of each two-week reserve maintenance period to ...
- Seasonal Credit Program - Federal Reserve Bank of New York
Please refer to our website at www.frbdiscountwindow.org for the current seasonal credit rate. Under the seasonal credit program, there are no commitment fees, ...
- Discount Window - Federal Reserve Bank of New York
Seasonal Credit Rate: 0.20% Seasonal credit is available to relatively small depository institutions to meet regular seasonal funding needs. Seasonal Credit ...
- Seasonal Credit - Federal Reserve Bank of St. Louis
The seasonal credit rate is updated on the System's web site at www. frbdiscountwindow.org. Completing the. Application. When completing the application ...
- 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.
- 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 ...