U.S. banks increased borrowing from the Federal Reserve for the second week in a row, signaling that strains on the financial system haven't gone away.
Banks in the U.S. increased borrowing from the Federal Reserve for the second week in a row, signaling that strains on the financial system haven’t gone away.
A number of small to... Banks in the U.S. increased borrowing from the Federal Reserve for the second week in a row, signaling that strains on the financial system haven’t gone away. A number of small to midsize banks have borrowed from an emergency program set up by the Fed to prevent failures and stabilize the U.S. financial system. The Fed created the new lending mechanism after the demise of Silicon Valley Bank in early March.
Borrowing from the Fed had peaked at $164.8 billion in mid-March before falling to as low as $139.5 billion in early April.
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