Minutes of the board's discount rate meetings.
The Federal Reserve Board released on March 2, 2005, the minutes of its discount rate Discount Rate 1. The interest rate that an eligible depository institution is charged to borrow short-term funds directly from a Federal Reserve Bank.
2. The interest rate used in determining the present value of future cash flows.
Notes: 1. This type of borrowing from the Fed is fairly limited. Institutions will often seek other means of meeting short-term liquidity needs. meetings from January 3, 2005, through February 2, 2005.
COPYRIGHT 2005 Board of Governors of the Federal Reserve System
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