Board release
The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. The release is dated October 13, 2026. It announces that minutes from meetings held in August and September 2026 are being issued by the Board. The text of the release states the action taken was to publish those meeting minutes.
Meetings covered
The minutes cover the Board meetings that occurred on August 17, September 9, and September 16, 2026. Those meetings were held to review and determine the discount rates provided to depository institutions through the discount window. The release explicitly lists those three meeting dates and ties the minutes to the Board's review and determination of discount rates.
Process distinction
The release notes that the Board's process for setting the discount rate is distinct from the process the Federal Open Market Committee follows in setting the target range for the federal funds rate. The statement presents that distinction without further elaboration in the text of the release.
