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Emergency loans by the Fed to US banks have dropped again (bit of a shell game this)

The data for the latest week has shown Federal Reserve Discount Window borrowing at USD 5.3bn (on May 3rd).This compares with the previous week's $73.9bn (April 26)the highest for this was $152.9 bn reached last month BTFP $75.8bn (previous.$81.3bn)However, "Other Credit" jumped to $228.2bn vs. its previous week's $170.4bn. First Republic and BTFP borrowing has shifted to 'Other Credit'-The Federal Reserve has $81.1 b of loans outstanding to financial institutions through two backstop lending fa... Read More

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Content Topics

Emergency

Loans

Banks

Have

Dropped

Again

Bit

Shell

Game

Forex

Posted: May 4 2023, 21:02

Author Name: forexlive

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