JOURNAL ARTICLE

Fed Emergency Loans to Banks Rise for First Week in Five.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Boesler, Matthew 3 of 3

Abstract

(Bloomberg) -- Banks increased emergency borrowings from the Federal Reserve for the first time in five weeks, indicating that financial stresses are lingering after a string of bank collapses last month. The weekly Fed balance sheet data showed $69.9 billion of outstanding borrowing from the central bank's traditional backstop lending program, known as the discount window, compared with $67.6 billion the previous week and the record $152.9 billion reached last month. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2023
  • Accession Number:163234588
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