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Key Fed emergency lending little changed in latest week

Published 05/11/2023, 04:45 PM
Updated 05/11/2023, 04:54 PM
© Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, U.S., on March 19, 2019. REUTERS/Leah Millis/File Photo

NEW YORK (Reuters) - Emergency liquidity borrowing from the Federal Reserve was little changed in the latest week, the central bank reported on Thursday.

© Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, U.S., on March 19, 2019. REUTERS/Leah Millis/File Photo

The Fed said that borrowing via its discount window stood at $9.3 billion on Wednesday, from $5.3 billion on May 3, while its Bank Term Funding Program lending moved to $83.1 billion from $75.8 billion the prior week. Meanwhile, “other credit” the Fed has extended to the Federal Deposit Insurance Corporation to wind down failed banks hit $212.5 billion, from May 3’s $228.2 billion.

Collectively, borrowing at the three programs stood at $304.9 billion, from $309.3 billion the week before, and down from the $343.7 billion peak hit on March 22.

Latest comments

Good luck getting inflation below 4% with all the QE from the Fed. Doom spiral begins....
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