Assets: Liquidity and Credit Facilities: Loans: Secondary Credit: Week Average
WSC • 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
The Secondary Credit Week Average (WSC) tracks the volume of loans provided by the Federal Reserve to banks that do not qualify for primary credit. This metric offers insight into the financial system's stress levels and the banking sector's liquidity conditions.
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 are experiencing more significant financial challenges or do not meet standard lending criteria. Economists analyze this trend to understand banking system resilience and potential systemic risks.
Methodology
The data is collected weekly by the Federal Reserve, aggregating secondary credit loan volumes across participating financial institutions.
Historical Context
Policymakers and financial analysts use this trend to assess banking sector health and potential monetary intervention requirements.
Key Facts
- Secondary credit is typically offered at a higher interest rate than primary credit
- Not all banks qualify for secondary credit lending programs
- The trend reflects broader economic and banking system conditions
FAQs
Q: What distinguishes secondary credit from primary credit?
A: Secondary credit is offered to banks that do not meet primary credit standards, often at a higher interest rate and with more stringent requirements.
Q: How frequently is secondary credit data updated?
A: The Federal Reserve updates secondary credit data weekly, providing a current snapshot of banking system liquidity.
Q: Why do economists track secondary credit volumes?
A: Secondary credit volumes can indicate potential stress in the banking system and provide early signals of financial sector challenges.
Q: Can small banks access secondary credit?
A: Banks must meet specific Federal Reserve criteria to qualify for secondary credit, which varies based on their financial condition.
Q: What are the limitations of secondary credit data?
A: The data represents a snapshot in time and should be analyzed alongside other financial indicators for comprehensive insights.
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Citation
U.S. Federal Reserve, Assets: Liquidity and Credit Facilities: Loans: Secondary Credit: Week Average [WSC], retrieved from FRED.
Last Checked: 8/1/2025