Assets: Liquidity and Credit Facilities: Loans: Secondary Credit: Change in Week Average from Previous Week Average
RESPPALDQXAWXCH1NWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
6/14/2006 - 8/6/2025
Summary
This economic indicator tracks weekly changes in secondary credit loans extended by the Federal Reserve to financial institutions. It provides insight into the short-term lending dynamics and financial system stress during specific economic periods.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Secondary credit represents a lending mechanism for financial institutions that do not qualify for primary credit due to weaker financial conditions. Economists analyze these fluctuations as a potential signal of banking sector health and potential systemic financial pressures.
Methodology
The data is collected through direct reporting from Federal Reserve member banks and calculated as a week-over-week percentage change in secondary credit loan volumes.
Historical Context
Policymakers and financial analysts use this trend to assess banking system liquidity, potential credit market constraints, and overall financial institutional resilience.
Key Facts
- Secondary credit loans have higher interest rates compared to primary credit
- These loans are typically extended to banks with higher financial risk profiles
- Significant changes can indicate broader economic stress or market disruptions
FAQs
Q: What is secondary credit?
A: Secondary credit is a Federal Reserve lending program for banks that do not meet primary credit standards. These loans are provided at a higher interest rate and with more stringent requirements.
Q: How often is this data updated?
A: The data is typically updated weekly, reflecting the most recent changes in secondary credit loan volumes across the banking system.
Q: Why do economists track secondary credit changes?
A: Changes in secondary credit can signal potential financial stress, banking sector challenges, or broader economic disruptions that might require monetary policy intervention.
Q: How does secondary credit differ from primary credit?
A: Primary credit is offered to financially sound banks at a lower interest rate, while secondary credit is for banks with weaker financial conditions and carries a higher interest rate.
Q: What might cause significant secondary credit fluctuations?
A: Economic downturns, banking sector instability, liquidity crises, or sudden market disruptions can lead to notable changes in secondary credit loan volumes.
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Citation
U.S. Federal Reserve, Assets: Liquidity and Credit Facilities: Loans: Secondary Credit: Change in Week Average from Previous Week Average [RESPPALDQXAWXCH1NWW], retrieved from FRED.
Last Checked: 8/1/2025