Current:Home > ContactHow does the Federal Reserve's discount window work? -BrightFuture Investments
How does the Federal Reserve's discount window work?
View
Date:2025-04-14 18:56:52
In the first half of March, three banks - Silicon Valley Bank, Signature Bank, and Silvergate - all had relatively classic bank runs and collapsed. Which sparked some major banking stress. As a result, the Federal Reserve got a lot of requests to use one of its oldest and most important tools for soothing such troubles: the discount window.
The discount window is like a safety net for banks. And recently, a lot of banks have needed it. So, what is the discount window, where did it come from, and how does it work? And, amidst all the recent banking turmoil, has it been working the way it should? In this episode, we crack open the discount window.
This episode was produced by Emma Peaslee with help from Willa Rubin. It was engineered by Katherine Silva. It was fact-checked by Sierra Juarez and edited by Sally Helm. Jess Jiang is our acting executive producer.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts.
Find more Planet Money: Twitter / Facebook / Instagram / TikTok / Our weekly Newsletter.
Music: "Red Line," "Brooknon," and "Groove Solto"
veryGood! (12677)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Cause still undetermined for house fire that left 5 children dead in Arizona, authorities say
- Nicki Minaj calls this 2012 hit song 'stupid' during NYE performance
- 1,400-pound great white shark makes New Year's appearance off Florida coast after 34,000-mile journey
- What to watch: O Jolie night
- Nutramigen infant formula recalled due to potential bacteria contamination
- Questions on artificial intelligence and a budget deficit await returning California lawmakers
- Selena Gomez Reveals Her Next Album Will Likely Be Her Last
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- 23-year-old woman killed after deer smashes through car windshield in Mississippi
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- New Mexico regulators revoke the licenses of 2 marijuana grow operations and levies $2M in fines
- Pretty Little Liars’ Lucy Hale Marks Two Years of Sobriety
- Missing NC teen found concealed under Kentucky man's home through trap door hidden by rug: Police
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Brooke Hogan confirms marriage, posts 'rare' photo of husband Steven Oleksy: 'Really lucky'
- NBA power rankings: Are the Clippers and Suns ready to contend in the West?
- Spaniard imprisoned in Iran after visiting grave of Mahsa Amini arrives home after release
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Cherelle Parker publicly sworn in as Philadelphia’s 100th mayor
Elections head in Nevada’s lone swing county resigns, underscoring election turnover in key state
Dry January tips, health benefits and terms to know — whether you're a gray-area drinker or just sober curious
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Ex-celebrity lawyer Tom Girardi found competent to stand trial for alleged $15 million client thefts
Housing, climate change, assault weapons ban on agenda as Rhode Island lawmakers start new session
Thousands of doctors in Britain walk off the job in their longest-ever strike