Sep
11
2009
Banks Reduce Borrowing from Federal Reserve’s Emergency Lending Facility
Posted by in Mortgage Loan NewsNews Sources wrote an interesting post today on
Here’s a quick excerpt
Over the last week, Banks decreased their borrowing from the Federal Reserve’s emergency lending facility and decreased their participation in other programs intended to ease the financial crisis, leading some to believe that the credit markets are finally thawing out. In a report issued by the Fed on Thursday, it said that banks averaged $30.4 billion in daily borrowing during the 7 days trailing Wednesday of this week, down from $32.7 billion the week before. The banks borrowing from this
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