The Federal Reserve Board released discount rate minutes on October 13, 2026, covering three meetings held in August and September to review and determine the rates available to depository institutions through the discount window.
Key Takeaways
- The minutes cover Board meetings on August 17, September 9 and September 16, 2026.
- The release concerns discount-window rates for depository institutions.
- The Board’s discount-rate process is separate from the FOMC’s federal funds rate decisions.
Table of Contents
Discount rate minutes cover three meetings
The Tuesday publication brings together records from the Board’s August 17, September 9 and September 16 meetings. The announcement links to the minutes in a PDF attachment rather than detailing the meeting outcomes in its text.
The development announced on October 13 is the release of those records; the meetings themselves took place in the preceding two months.
A separate rate-setting process
The Board explicitly distinguished its review of discount rates from the Federal Open Market Committee’s process for setting the target range for the federal funds rate. The release should therefore not be read as an announcement of an FOMC target-range decision.
Conclusion
The publication provides records of three Board discount-rate meetings, while keeping that process distinct from FOMC decisions on the federal funds rate.
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