Ask a question			Does above-market pricing signal a reluctance of the Reserve Bank to provide liquidity to requesting institutions? Will this impact an institution’s willingness to provide credit to its customers?
			Historically, institutions with liquidity shortages have been reluctant to approach the discount window, even when it offered funds at a below-market rate. This reluctance, plus the restrictions the Federal Reserve imposed on the use of discount window credit, made it more difficult for banks to obtain funding to meet their customers' needs on those relatively rare days in which there was a shortage of funds available in the interbank market. By eliminating restrictions on the use of discount window credit, and by making it more readily available — though at a higher price — the primary credit facility will make the discount window a more reliable source of short-term backup funds for banks that face a temporary shortage of funds. This change may occasionally make it easier for depository institutions to meet their customers' needs.
			Will the establishment of the primary/secondary lending programs affect the Federal Open Market Committee’s target for the federal funds rate?
			No. The amendments to Regulation A do not entail a change in the stance of monetary policy. The Federal Open Market Committee’s target for the federal funds rate will not change as a result of these new programs, and the level of market interest rates more generally will be unaffected.

		Contact your local FRB district or visit the Federal Reserve's Discount Window Site