Banks borrowing less in emergency loans

 
By Martin Crutsinger
Published: August 22, 2008

WASHINGTON — Banks borrowed a bit less over the past week from the Federal Reserve 's emergency lending program, while Wall Street firms passed for a third straight week.

The Fed reported Thursday that commercial banks averaged $17.51 billion in daily borrowing over the past week. That compared with a daily average of $17.70 billion in the previous week.

Investment houses for a third week did not take out a...


You have selected to view an article that is older than 60 days. There are several ways to unlock access to NewsOK historical content.

Please sign in. (You might already have access)


If you are a print subscriber to The Oklahoman, activate your Digital Pass for free access.


Purchase any of The Oklahoman's digital products (digital replica, archives, iPad and smartphone apps), and access to historical NewsOK content is free.