The safety net for banks

银行的安全网

Planet Money

商务

2023-04-01

23 分钟
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单集简介 ...

In the first half of March, three banks - Silicon Valley Bank, Signature Bank, and Silvergate - all had relatively classic bank runs and collapsed. Which sparked some major banking stress. As a result, the Federal Reserve got a lot of requests to use one of its oldest and most important tools for soothing such troubles: the discount window. The discount window is like a safety net for banks. And recently, a lot of banks have needed it. So, what is the discount window, where did it come from, and how does it work? And, amidst all the recent banking turmoil, has it been working the way it should? In this episode, we crack open the discount window. This episode was produced by Emma Peaslee with help from Willa Rubin. It was engineered by Katherine Silva. It was fact-checked by Sierra Juarez and edited by Sally Helm. Jess Jiang is our acting executive producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy

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  • This is planet money from NPR.

  • Betsy Duke worked in banking for 30 years.

  • She ended up on the board of governors of the Federal Reserve system.

  • And she was the chief financial officer of a little community bank in the blazer with giant shoulder pads.

  • Era.

  • Did you have, like, poofy bangs?

  • I did.

  • No, I don't think so.

  • No, I didn't.

  • Okay, Dodge that one.

  • Are we wearing a power suit?

  • Oh, I'm sure, yes.

  • Okay.

  • How wide are your lapels?

  • Oh, I don't really know.

  • Cause you remember this span from the mid seventies all the way through to.

  • Okay, so we're talking like, inches of difference in lapel.

  • We're talking about power suits.

  • Because Betsy was in the business of running a community bank in Virginia beach.

  • It's called the bank of Virginia beach.