2009-02-20yahoo.com

Commercial banks and investment firms borrowed more over the past week from the Federal Reserve's emergency lending program.

The Fed on Thursday reported that commercial banks averaged nearly $66 billion in daily borrowing over the week ending Wednesday. That was up from nearly $64.6 billion in average daily borrowing logged over the week that ended Feb. 11.



Comments: Be the first to add a comment

add a comment | go to forum thread