Federal SB5465 mandates a review of Federal Reserve discount window operations and improvements.
Federal SB5465 amends the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to review discount window operations. The review must assess the effectiveness of the discount window in providing liquidity, cybersecurity measures, and communications between Federal reserve banks and financial institutions. The Board must develop a remediation plan to address deficiencies and enhance effectiveness, including timelines and measures for ongoing maintenance. The Board will submit annual reports to Congress on the review and remediation plan.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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