Banks borrow less, investment firms borrow more
WASHINGTON (AP) — Commercial banks borrowed slightly less from the Federal Reserve 's emergency lending program over the past week, while investment firms stepped up their loans.
The Fed's report, released Thursday, showed commercial banks averaged $90.3 billion in daily borrowing over the week ending Wednesday. That was down from $93.6 billion in average daily borrowing logged over the week ended Nov. 26.
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