Assets: Liquidity and Credit Facilities: Loans: Secondary Credit: Change in Week Average from Year Ago Week Average
RESPPALDQXAWXCH52NWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
6/14/2006 - 8/6/2025
Summary
This economic indicator tracks the week-over-week change in secondary credit loans compared to the previous year's average. It provides insights into bank lending dynamics and potential financial system stress.
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 loans provided by the Federal Reserve to banks that do not qualify for primary credit due to financial challenges. Economists use this metric to assess banking sector health and potential systemic risks.
Methodology
Data is collected through Federal Reserve reporting systems, tracking weekly loan volumes and calculating percentage changes from the previous year's average.
Historical Context
This trend is used by policymakers to monitor banking system liquidity and potential economic distress signals.
Key Facts
- Secondary credit is typically more expensive than primary credit
- Indicates potential financial stress in the banking system
- Reflects banks' access to emergency lending facilities
FAQs
Q: What is secondary credit?
A: Secondary credit is a Federal Reserve lending program for banks experiencing financial difficulties that do not qualify for standard primary credit facilities.
Q: Why do economists track secondary credit changes?
A: Changes in secondary credit can signal potential banking sector stress or broader economic challenges that might require monetary policy intervention.
Q: How often is this data updated?
A: The data is typically updated weekly, providing near real-time insights into banking system liquidity and lending conditions.
Q: What does an increase in secondary credit mean?
A: An increase might indicate growing financial stress among banks or heightened economic uncertainty requiring more emergency lending.
Q: Are there limitations to this indicator?
A: While informative, secondary credit data should be analyzed alongside other economic indicators for a comprehensive financial system assessment.
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Citation
U.S. Federal Reserve, Assets: Liquidity and Credit Facilities: Loans: Secondary Credit: Change in Week Average from Year Ago Week Average [RESPPALDQXAWXCH52NWW], retrieved from FRED.
Last Checked: 8/1/2025