Banks ease borrowing from Fed’s emergency loan programs in latest week: Fed
2023.07.06 17:16
© Reuters
Investing.com — Banks borrowing from the Federal Reserve’s emergency lending programs decreased in week ended July. 5, according to latest Fed data released Thursday.
In the week ended July. 5, banks borrowed an average of $3.36 billion each night, up from $3.21B from a week earlier, according to new Fed data released Thursday.
Borrowing from the Fed’s Bank Term Funding Program — the new emergency lending program launched following the collapse of Silicon Valley Bank — fell to $101.96B from $103.08B in the prior week.
Lending to the Federal Deposit Insurance Corporation, which took over the collapsed Silicon Valley Bank, fell $3.52B to $164.78B.
Total lending from the Fed’s three main lending programs fell to $270.09B from $274.58B.
