Goldman Sachs Issues Statement on Access of Discount Window
NEW YORK, March 17, 2020 – The Goldman Sachs Group, Inc. (NYSE: GS) today issued the following statement on the Financial Services Forum’s announcement of last evening on members’ joint commitment to access the discount window of the Federal Reserve:
“Goldman Sachs today accessed the Federal Reserve discount window in line with the commitment announced alongside the nation’s other large banks. The discount window allows the Federal Reserve to lend directly to depository institutions to provide liquidity and stability to the banking system so that they can better serve their individual and corporate clients. We believe this action demonstrates that banks are acting forcefully to help clients navigate a challenging environment.”
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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