Citi Taps Fed Discount Window for $500 Million to Fund Clients

New York, NY – Citi announced today that, on behalf of clients, its Citibank unit has accessed $500 million in 30-day term financing under the discount window program announced on Friday by the Federal Reserve Bank of New York.

Citibank carries a triple-A rating from Moody’s Investors Service and a double-A-plus rating from Standard & Poor’s, and has substantial liquidity and widespread borrowing capacity.

Citibank stands ready to continue to access the discount window as client needs and market conditions warrant. Citi is pleased to inject liquidity into the financial system during times of market stress and to support creditworthy clients.