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(The discount window is confined to commercial banks).
Banks use its discount window to borrow money at low interest rates.
Bloomberg News first reported the details of the Fed's discount window lending to the company.
We can't get 0.5 percent loans at the Fed's discount window, so banks shouldn't either.
That Aug. 20, Commerzbank of Germany borrowed $350 million at the Fed's discount window.
These curbs will affect any federally insured institutions with access to the Fed's discount window.
But he defended the longstanding practice of not disclosing which banks borrow from the central bank's discount window.
In August, officials cut the cost of borrowing from the discount window by half a percentage point.
The Bank of Clark County in Vancouver, Wash., took its first discount window loan on Monday, Jan . 12 , 2009
And unlike Bear Stearns, its erstwhile rival, it can access liquidity at the Federal Reserve's discount window.
But it went to the discount window five times from the fall of 2008 to early 2010.
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