The Federal Reserve says commercial banks and investment firms borrowed less from its emergency lending program over the past week.
The Fed report shows commercial banks averaged $86.3 billion in daily borrowing over the week that ended Wednesday. That was down from $88.4 billion in average daily borrowing logged over the week ended Dec. 17.
Investment firms drew $45.7 billion over the week that ended Dec. 24, compared to an average of $50.5 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