The Credit Risk Management (CRM) unit administers daylight and overnight credit to Fifth District depository institutions through our discount window, payment system risk, condition monitoring and collateral functions.
The discount window functions as a safety valve in relieving pressures in reserve markets; extensions of credit can help relieve liquidity strains in a depository institution and in the banking system as a whole. The discount window also helps ensure the basic stability of the payment system more generally by supplying liquidity during times of systemic stress. To gain access to the discount window, depository institutions must have the agreements specified in operating circular 10 (OC-10) on file with the Reserve Bank and discount window loans must be secured by collateral acceptable to the lending Reserve Bank. Our hours are from 8 a.m. EST until 30 minutes past the close of Fedwire each day.
Toll free: 1-800-526-2036