According to the FDIC Improvement Act,undercapitalized U.S.banks cannot be granted discount window loans for more than 60 days in each 120-day period.

Name: According to the FDIC Improvement Act,undercapitalized U.S.banks cannot be granted discount window loans for more than 60 days in each 120-day period.
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Question

Quizplus · Accepted Answer

The FDIC Improvement Act does limit the amount of time undercapitalized banks can receive discount window loans to 60 days in each 120-day period.