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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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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

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

Thus it may be that the recent advance of the New York Reserve rediscount rate will mark a "turn" in business from expansion to contraction.

From Time Magazine Archive

But without direct controls, it had to rely on an indirect method: it hiked the rediscount rate.

From Time Magazine Archive

As credit soared, the FRB put on the brakes by boosting the rediscount rate to member banks, thus making borrowing more expensive.

From Time Magazine Archive

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