Requires the Federal Reserve to review and improve discount window operations.
Amends the Federal Reserve Act to mandate a comprehensive review of the discount window operations by the Board of Governors of the Federal Reserve System. The review must assess the effectiveness of the discount window in providing liquidity to financial institutions, the adequacy of technology infrastructure, and the impact of mobile banking on liquidity risk. The Board must develop a remediation plan to address identified deficiencies and implement enhancements. The Inspector General and the Board must submit annual reports to Congress on the progress of implementing the remediation plan.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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