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Borrowings from the Federal Reserve, Seasonal (DISCONTINUED) (SEABORRW)

Observations

2020-09-09: 34
Updated: Sep 10, 2020 3:46 PM CDT
2020-09-09:  34  
2020-09-02:  34  
2020-08-26:  41  
2020-08-19:  41  
2020-08-12:  37  

Units:

Millions of Dollars,
Not Seasonally Adjusted

Frequency:

Weekly,
Ending Wednesday

Fullscreen

Notes

Title Release Dates
Borrowings from the Federal Reserve, Seasonal 2013-07-11 2020-09-09
Borrowings from the Federal Reserve, Seasonal (DISCONTINUED) 2020-09-10 2020-09-10
 
Source    
Board of Governors of the Federal Reserve System (US) 2013-07-11 2020-09-10
 
Release    
H.3 Aggregate Reserves of Depository Institutions and the Monetary Base 2013-07-11 2020-09-10
 
Units    
Millions of Dollars 2013-07-11 2020-09-10
 
Frequency    
Weekly, Ending Wednesday 2013-07-11 2020-09-10
 
Seasonal Adjustment    
Not Seasonally Adjusted 2013-07-11 2020-09-10
 
Notes    
The Federal Reserve's seasonal credit program is designed to assist small depository institutions in managing significant seasonal swings in their loans and deposits. Seasonal credit is available to depository institutions that can demonstrate a clear pattern of recurring intra-yearly swings in funding needs. Eligible institutions are usually located in agricultural or tourist areas. The interest rate applied to seasonal credit is a floating rate based on market rates. Under the seasonal program, borrowers may obtain longer-term funds from the Discount Window during periods of seasonal need so that they can carry fewer liquid assets during the rest of the year and make more funds available for local lending. To become eligible for seasonal credit, an institution must establish a seasonal qualification with its Reserve Bank. An institution that anticipates a possible need for seasonal credit is encouraged to contact its Reserve Bank to ascertain its eligibility and make arrangements in advance. Making arrangements does not obligate the institution to borrow. Critically undercapitalized institutions are not eligible for seasonal credit. Undercapitalized or significantly undercapitalized institutions may be eligible, but only after careful review of their condition and prospects.

Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks.

2013-07-11 2020-09-09
The Board of Governors discontinued the H.3 statistical release on September 17, 2020. For more information, please see the announcement (https://www.federalreserve.gov/feeds/h3.html) posted on August 20, 2020.

The Federal Reserve's seasonal credit program is designed to assist small depository institutions in managing significant seasonal swings in their loans and deposits. Seasonal credit is available to depository institutions that can demonstrate a clear pattern of recurring intra-yearly swings in funding needs. Eligible institutions are usually located in agricultural or tourist areas. The interest rate applied to seasonal credit is a floating rate based on market rates. Under the seasonal program, borrowers may obtain longer-term funds from the Discount Window during periods of seasonal need so that they can carry fewer liquid assets during the rest of the year and make more funds available for local lending. To become eligible for seasonal credit, an institution must establish a seasonal qualification with its Reserve Bank. An institution that anticipates a possible need for seasonal credit is encouraged to contact its Reserve Bank to ascertain its eligibility and make arrangements in advance. Making arrangements does not obligate the institution to borrow. Critically undercapitalized institutions are not eligible for seasonal credit. Undercapitalized or significantly undercapitalized institutions may be eligible, but only after careful review of their condition and prospects.

Effective February 2, 1984, reserve computation and maintenance periods have been changed from weekly to bi-weekly. Series with data prior to February 2, 1984 have different values reported from one week to the next. After February 2, 1984, the value repeats for 2 consecutive weeks.

2020-09-10 2020-09-10

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H.3 Aggregate Reserves of Depository Institutions and the Monetary Base

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H.3 Reserves of Depository Institutions & Monetary Base Borrowings Weekly Discontinued Board of Governors Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America