Which of the following is NOT a credit-regulating device used by the Federal Reserve?

The National Budget is not considered a credit-regulating device used by the Federal Reserve because it pertains to the government's plan for spending and revenue collection, rather than direct monetary policy. The Federal Reserve focuses on regulating the money supply and influencing credit conditions in the economy.

Moral Suasion involves the Federal Reserve influencing banks to comply with its guidelines and policies without enforcing formal regulations. Reserve Requirements refer to the amount of funds that a bank must hold in reserve against deposits, impacting the amount of money available for lending. The Federal Discount Rate is the interest rate at which commercial banks can borrow from the Federal Reserve, influencing overall lending rates in the economy. Each of these tools is specifically aimed at regulating credit and affecting the monetary environment, while the National Budget operates within a different context, primarily dealing with fiscal policy rather than monetary policy.