---
title: "Federal Reserve Board Releases Discount Rate Minutes Covering August and September Meetings"
description: "The release details Board reviews from Aug. 17, Sept. 9, and Sept. 16 determining lending rates for depository institutions."
url: https://basisdesk.news/news/fed-board-releases-august-september-discount-rate-minutes
published: 2026-10-13T18:01:40.965Z
modified: 2026-10-13T18:01:40.965Z
section: Macro & Markets
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: []
tags: [federal-reserve, discount-rate, central-banks, monetary-policy]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Federal Reserve Board Releases Discount Rate Minutes Covering August and September Meetings

The release details Board reviews from Aug. 17, Sept. 9, and Sept. 16 determining lending rates for depository institutions.

## At a glance

- **What happened:** The Federal Reserve Board published minutes on Oct. 13 from its discount rate meetings held on Aug. 17, Sept. 9, and Sept. 16, 2026.
- **Why it matters:** The minutes document the Board's specific process for determining the borrowing rates charged to depository institutions via the discount window.
- **Who is affected:** Depository institutions that access credit through the Federal Reserve's discount window.
- **What's next:** No next step announced.
- **Status:** announced
- **Primary source:** [Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026](https://www.federalreserve.gov/newsevents/pressreleases/monetary20261013a.htm) — Federal Reserve Press Releases

## Key points

- The Federal Reserve Board released discount rate meeting minutes on Oct. 13, 2026.
- The publication covers Board meetings conducted on Aug. 17, Sept. 9, and Sept. 16, 2026.
- The Board stated its discount rate process is distinct from the FOMC's federal funds rate process.

## Editorial remark

- **Context:** The Federal Reserve Board regularly reviews and sets the discount rates that depository institutions pay when borrowing through the central bank's discount window.
- **Impact:** Depository institutions seeking direct liquidity through the Federal Reserve's discount window are subject to the rates reviewed across the three meetings.
- **Watch:** No future discount rate meeting dates or related policy changes were scheduled in the announcement.

The Federal Reserve Board on Oct. 13 published the minutes from its recent meetings regarding the discount rates offered to depository institutions [1]. According to the Board, the published records document meetings held on Aug. 17, Sept. 9, and Sept. 16, 2026, which were conducted to review and determine the rates charged to depository institutions accessing the discount window [1].

## Governance and Rate-Setting Process

The Federal Reserve Board emphasized that its governance process for establishing the discount rate remains distinct from the framework utilized by the Federal Open Market Committee [1]. While the Federal Open Market Committee sets the target range for the federal funds rate, the Board independently conducts its review process to determine the discount rates applicable to depository institutions seeking direct liquidity through the discount window facility [1]. The records covering the three cited sessions were issued for public release at 2:00 p.m. EDT on Oct. 13, 2026 [1].

Broader digital asset markets traded largely unchanged around the time of the release, with $BTC changing hands at $82,962 and $ETH hovering near $2,496 at the time of writing. Depository institutions access the Federal Reserve's discount window to obtain direct credit, with the published records providing documentation of the administrative actions taken across the three late-summer and early-autumn sessions [1]. The Federal Reserve Board updated its official documentation on Oct. 13 without announcing additional discount window schedules or modifications to related procedures [1].

## FAQ

**What periods do the released minutes cover?**

The records cover the Federal Reserve Board's meetings conducted on Aug. 17, Sept. 9, and Sept. 16, 2026.

**How does the discount rate differ from the federal funds rate?**

The Federal Reserve Board sets discount rates for depository institutions via the discount window, whereas the Federal Open Market Committee sets the target range for the federal funds rate.

## Sources

1. [Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026](https://www.federalreserve.gov/newsevents/pressreleases/monetary20261013a.htm) — Federal Reserve Press Releases, 2026-10-13

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