The Fed said that borrowing via its discount window stood at $9.3 billion on Wednesday, from $5.3 billion on May 3, while its Bank Term Funding Program lending moved to $83.1 billion from $75.8 billion the prior week. Meanwhile, “other credit” the Fed has extended to the Federal Deposit Insurance Corporation to wind down failed banks hit $212.5 billion, from May 3’s $228.2 billion.
Collectively, borrowing at the three programs stood at $304.9 billion, from $309.3 billion the week before, and down from the $343.7 billion peak hit on March 22.
Source: Economy - investing.com
