The overall size of the Fed’s balance sheet fell to $8.756
trillion, from $8.784 trillion on March 22.
(Reporting by Michael S. Derby
Editing by Chris Reese)
By Michael S. Derby
WASHINGTON, March 30 (Reuters) - Federal Reserve
emergency lending to banks ebbed slightly in the latest week,
causing the size of the central bank balance sheet to move down
modestly.
As of Wednesday, banks tapped $88.2 billion from the central
bank’s discount window lending facility, versus $110.2 billion
on March 22. Lending via the Fed’s new Bank Term Funding Program
moved to $64.4 billion on Wednesday, from $53.7 billion the week
before, while Fed “other credit” lending stood at $180.1
billion, from March 22’s $179.8 billion.
The three facilities extended a total of $332.7 billion to
eligible firms on Wednesday, versus $343.7 billion the prior
Wednesday.
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