Bankers say discount window is imperfect fix for UST woes
Further changes advocated to ensure Treasuries are used in US bank liquidity buffers
While the eight US global systemically important banks (G-Sibs) jointly agreed to access the Federal Reserve’s discount window on March 16 to cope with the Treasury volatility caused by the Coronavirus pandemic, the facility is still not viewed as an optimum source of liquidity.
The perceived stigma of borrowing at the discount window means banks are reluctant to use it, even in times of crisis.
JP Morgan chief executive Jamie Dimon became the first to publicly break ranks when he
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