Federal Reserve Board regulation governing advances by Federal Reserve Banks to depository institutions at the Federal Reserve discount window. Credit advances are available to any bank or savings institution maintaining transaction accounts or nonpersonal time deposits. The Fed has two different programs for handling discount window borrowings: adjustment creditto meet temporary needs for funds when other sources, including the Federal Home Loan Banks, are not available; and extended credit, designed to assist financial institutions with longer-term needs for funds. This category includes seasonal credit privileges extended to smaller financial institutions that don't have ready access to money market funds. Fed banks may also extend emergency credit to financial institutions other than depository institutions where failure to obtain credit would affect the economy adversely.
- Securities and Exchange Commission provision for simplified registration of small issues of securities. A Regulation A issue requires a shorter form of prospectus and carries lesser liability for officers and directors for false or misleading statements.
- Federal Reserve Board statement of the means and conditions under which Federal Reserve banks make loans to member and other banks at what is called the discount window. See also rediscount.
