Fed lending to banks eases a bit in latest week
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1970-01-01 08:00
NEW YORK Federal Reserve lending to banks ebbed in the latest week, central bank data released Thursday said.

NEW YORK Federal Reserve lending to banks ebbed in the latest week, central bank data released Thursday said.

Lending via the central bank’s discount window stood at $3.4 billion on Wednesday from $3.2 billion on June 28, while “other credit” tied to the wind down of failed banks stood at $164.8 billion from June 28’s $168.3 billion. Bank Term Funding Program lending was $102 billion as of Wednesday, versus $103.1 billion on June 28.

Total lending via the three programs stood at $270.2 billion, from $274.7 billion the week before.

(Reporting by Michael S. Derby)

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