Final answer:
The name of the interest rate that the Federal Reserve charges its member banks is the discount rate. The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility, known as the discount window.
Step-by-step explanation:
The name of the interest rate that the Federal Reserve charges its member banks is the discount rate. The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility, known as the discount window. The Federal Reserve offers three discount window programs to depository institutions, each with its own interest rate.