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Banks, investment firms reduce borrowing from Fed

Banks, investment firms reduce borrowing from Fed

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.


Updated : 2021-06-22 04:11 GMT+08:00