By Michael S. Derby
April 13 (Reuters) - Federal Reserve lending to banks
eased further in the latest week, signaling that while the
absolute levels of emergency credit remain high, financial
sector strains which started a month ago are continuing to ease.
As of Wednesday, Fed loans to banks via its discount window
stood at $67.6 billion, from $69.7 billion on April 5, Fed data
released on Thursday showed.
When added to loans from two other lending programs, total
credit extended to banks by the Fed stood at $312 billion on
Wednesday, down from $323.3 billion on April 5.
(Reporting by Michael S. Derby
Editing by Chris Reese)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.