Seasonal credit is a lending program designed to assist small depository institutions in managing significant seasonal swings in their loans and deposits. Seasonal credit is available to depository institutions that can demonstrate a clear pattern of recurring intra-yearly swings in funding needs. Eligible institutions are usually located in agricultural or tourist areas. The interest rate applied to seasonal credit is a floating rate based on market rates.
Board of Governors of the Federal Reserve System (US), Factors Supplying Reserve Balances - Loans to Depository Institutions - Seasonal Credit [WLCFLSECL], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/WLCFLSECL/, November 27, 2015.