The Discount Window functions as a safety valve in relieving pressures in reserve markets; in circumstances where extensions of credit can help relieve liquidity strains in the banking system, the Discount Window also helps to assure the basic stability of financial markets more generally.

First District Discount Window Loans and Collateral Inquiries

Hours of Operation*: Monday through Friday, 8:00am-5:00pm
Phone: (800) 716-3773
Rate Inquiries: (617) 973-4277
Fax: (617) 973-3238

*For loan requests after 5:00pm, calls to the above number will be answered by a member of our Protection Unit, who will take down your contact information and relay it to a member of the lending department.

First District Discount Window Loans and Collateral Contacts

Stephen J. Papazian
Section Head, Loan Operations
(617) 973-3202

Eileen Leighton
Manager, Credit
(617) 973-3212

Maureen B. Savage
Assistant Vice President
(617) 973-3467

National Discount Window Information

The national Federal Reserve Discount Window web site provides information discount window information and guidelines, including current and historical discount rates. Please note that you may also call the First District contacts listed above for assistance.