FDICIA's Emergency Liquidity Provisions
The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) made a potentially significant change in the standards for Federal Reserve discount window access by nonbanks. In exploring the background of this issue, the author contends that although most of the legislation retrenched the federal financial safety net for undercapitalized insured depository institutions, the provision effectively expanded the safety net for uninsured nonbanks, irrespective of their capital or net worth positions.
Suggested citation: Todd, Walker F. “FDICIA's Emergency Liquidity Provisions,” Federal Reserve Bank of Cleveland, Economic Review, vol. 29, no. 3, pp. 16-23, 07.01.1993.