The interest rate banks pay on loans from the Federal Reserve is called the:

1. Banks can borrow from the central bank itself. 2. That borrowing carries its own named rate. 3. The interest rate banks pay for such loans is the discount rate. 4. So the answer is the discount rate. _Source: OpenStax Principles of Macroeconomics 3e (CC BY 4.0), Ch 15 'Monetary Policy and Bank Regulation', sections 15.1-15.5_