In case anyone missed it- there was a wonderful discussion this morning over in another thread about the difference between the Fed cutting the Window Rate (which they did), and the Discount Rate (which they did NOT).
If you haven't read that discussion, it's well worth stopping what you are doing now, and reading this thread to the end.
http://www.tsptalk.com/mb/showthread.php?t=4684&highlight=window+rate&page=8
I would pay particular attention to message number 87 and 88, so you understand the difference between "window rate" and "discount rate".
I didn't know this, and learned something this morning.
Thank you ATCJEFF and SHOWME for this information, especially your banter back and forth, because I learned a lot this morning.