Hence, when such loans were offered to Reserve Banks in exchange for currency or reserve balances, the Reserve Banks rediscounted
the paper at the current discount rate.
It includes dealer loans, capital loans, small loans used primarily for business or farm purposes, multicollateral loans, rediscounted
receivables of other finance companies less balances withheld, and all other business loans not elsewhere classified.
Feature and rate packages will be more or less continually rearranged and rediscounted
to encourage participation in various programs, and the focus on retail sales will be intensified.
28) Borrowed funds consisted largely of rediscounted
loans with the Federal Reserve or other banks.
Service Bank, responsible for Bancomer's network of more than 800 branches nationwide, Mexico's largest, and to manage bank deposits, small business loans, agricultural loans and rediscounted
loans with special agency funds.
By specifying eligibility requirements for the paper that could be rediscounted
or purchased, the Fed's founders intended to limit policymakers' discretion, as well as to accommodate currency and credit demands without fueling inflation or speculation.
2 percent for rediscounted
loans and a decrease of 2.