Reserve Bank Credit - Loans to Depository Institutions - Seasonal Credit (WSB)
2013-05-22: 0.046 Billions of Dollars
Weekly, Ending Wednesday, Not Seasonally Adjusted, Updated: 2013-05-24 8:03 AM CDT
|Source:|| Board of Governors of the Federal Reserve System
|Release:||H.4.1 Factors Affecting Reserve Balances|
Seasonal credit is a lending program 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.