In the week ended July. 5, banks borrowed an average of $3.36 billion each night, up from $3.21B from a week earlier, according to new Fed data released Thursday.
Borrowing from the Fed’s Bank Term Funding Program — the new emergency lending program launched following the collapse of Silicon Valley Bank — fell to $101.96B from $103.08B in the prior week.
Lending to the Federal Deposit Insurance Corporation, which took over the collapsed Silicon Valley Bank, fell $3.52B to $164.78B.
Total lending from the Fed’s three main lending programs fell to $270.09B from $274.58B.
Source: Economy - investing.com
