Borrowing by banks via three channels, the central bank’s
discount window, the Bank Term Funding Program and what the Fed
calls “other credit,” moved to $309.3 billion on Wednesday, from
$325.6 billion on April 26. Fed lending surged in March driven
by banking sector troubles and has remained at very high levels
since that initial surge.
(Reporting by Michael S. Derby
Editing by Chris Reese)
NEW YORK, May 4 (Reuters) - Federal Reserve data on
Thursday showed lending to banks shrunk a bit in the latest
week, as money shifted out of a key lending tool.
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