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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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Economic Review

Jan/Feb, 1990

The Lender of Last Resort: Alternative Views and Historical Experience

Four views on the proper role of the lender of last resort are defined. Historical evidence is given on the causes of banking panics in the U.S. and other countries and the roles lenders of last resort played in resolving them.

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Lisa Davis (804) 697-8179

Economic Review

Jan/Feb, 1990

The Lender of Last Resort: Alternative Views and Historical Experience

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