notes, drafts, bankers' acceptances, and negotiable instruments that are acceptable collateral for discount windowloans at a Federal Reserve Bank or sale to investors. To be acceptable for rediscount, paper must arise from a commercial transaction, have a maturity not exceeding 90 days, and bear the member bank's endorsement. The Monetary Control Act of 1980 extended discount window access to all financial institutions holding transaction accounts or business time deposits.
commercial and agricultural paper, drafts, bills of exchange, banker's acceptances, and other negotiable instruments that were acquired by a bank and that the Federal Reserve Bank will accept for rediscount.
commercial and agricultural paper, drafts, bills of exchange, banker's acceptances, and other negotiable instruments that were acquired by a bank at a discount and that the Federal Reserve Bank will accept for rediscount.
