March 17, 2020 / 9:10 PM / 5 months ago

Fed's George says standing by to lend in 'this extraordinary time'

(Reuters) - Kansas City Federal Reserve President Esther George said on Tuesday that the regional Fed bank continues to carry on with its key functions, and is ready to extend credit when needed through the U.S. central bank’s emergency lending window.

“For the banking system, we stand ready to lend through the discount window and address any regulatory or supervisory concerns that may surface,” George said. “For the residents and businesses of our region, we continue to closely monitor developments affecting economic conditions and access to credit, working closely with our counterparts across the Federal Reserve System.

Writing by Ann Saphir in Chicago; Editing by Leslie Adler and Sandra Maler

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