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Published: August 22, 2008
Banks borrowing less in emergency loans
By Martin Crutsinger
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...

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