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.


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.