Well, really?
And what pray tell, was the collateral, because that has NOT been disclosed, FEDshillToad.
http://www.zerohedge.com/article/presenting-complete-fed-discount-window-data-dump
“Our very preliminary question is whether the Fed really expects the US public to believe it does not keep track of the collateral it lends Discount Window money against, and if that rhetoric question is false, then why is collateral data not disclosed?”
If only banks that keep reserves at the FED can get discount-window credit, would not the reserves themselves serve as collateral?