Banks, Investment Firms Borrow Less From Fed

By: Associated Press
By: Associated Press

The Federal Reserve says commercial banks and investment firms borrowed slightly less from its emergency lending program over the past week.

The Fed report shows commercial banks averaged $88.4 billion in daily borrowing over the week ending Wednesday. That was down from $90.2 billion in average daily borrowing logged over the week ended Dec. 11.

Investment firms drew $50.5 billion over the past week. That compared with an average of $52.8 billion the previous week. This category includes any loans that were made to the U.S. and London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley and Merrill Lynch.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 36401019 -
Gray Television, Inc.