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rediscount rate

American  

noun

  1. the rate charged by the Federal Reserve Bank to member banks for rediscounting commercial paper.


Example Sentences

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It can restrict credit only by increasing loan costs through boosts in the rediscount rate and reserves of member banks and sales of Government securities.

From Time Magazine Archive

Last year he bitterly attacked the Federal Reserve system for its failure to make a more substantial raise in the rediscount rate.

From Time Magazine Archive

Directors of the New York Federal Reserve Bank held a lengthy and private meeting, after which, however, no change was announced in the rediscount rate.

From Time Magazine Archive

Ordinarily the Fed raises the rediscount rate to prevent "riding the rate," i.e., a member bank borrowing from the Fed to have more funds for lending at a higher rate.

From Time Magazine Archive

For the seventh time since the stockmarket crash of October 1929, the Federal Reserve Bank of New York last week lowered its rediscount rate.

From Time Magazine Archive

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