Key Fed emergency lending little modified in newest week
© Reuters. FILE PHOTO: The Federal Reserve constructing is pictured in Washington, U.S., on March 19, 2019. REUTERS/Leah Millis/File Photograph
NEW YORK (Reuters) – Emergency liquidity borrowing from the Federal Reserve was little modified within the newest week, the central financial institution reported on Thursday.
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The Fed stated that borrowing by way of its low cost window stood at $9.3 billion on Wednesday, from $5.3 billion on Might 3, whereas its Financial institution Time period Funding Program lending moved to $83.1 billion from $75.8 billion the prior week. In the meantime, “different credit score” the Fed has prolonged to the Federal Deposit Insurance coverage Company to wind down failed banks hit $212.5 billion, from Might 3’s $228.2 billion.
Collectively, borrowing on the three applications stood at $304.9 billion, from $309.3 billion the week earlier than, and down from the $343.7 billion peak hit on March 22.
