KKTV - Economy - Headlines

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.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 36401019 - kktv.com/a?a=36401019