NEW YORK, Might 25 (Reuters) – Federal Reserve emergency lending to banks fell within the newest week to its lowest degree because the banking sector bumped into hassle in March.
Lending to banks by way of the central financial institution’s low cost window, its most important device to offer liquidity to deposit taking banks, hit $4.2 billion on Wednesday, from $9 billion on Might 17, Fed knowledge launched Thursday confirmed.
Central financial institution “different credit score” tied to authorities wind downs of failed banks stood at $192.6 billion on Wednesday from $208.5 billion on Might 17, whereas Financial institution Time period Funding Program loans got here in at $91.9 billion, up from $87 billion on Might 17.
Lending by way of the three applications stood at $288.7 billion, versus $304.5 billion on Might 17. The full dimension of the Fed’s stability sheet hit $8.486 trillion, from $8.507 trillion final week.
Reporting by Michael S. Derby; modifying by Diane Craft
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