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JEF / Fed's lending to financial institutions sees pickup in demand

Financial institutions are increasingly taking advantage of an emergency program created by the Federal Reserve in March after the collapse of California's Silicon Valley Bank.As of Wednesday, they borrowed almost $108 billion from the Fed's Bank Term Funding Program, which was designed to provide an additional source of liquidity at times of stress, according to data from the central bank. That's up by $138 million from the prior week. Read More

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JEF

Posted: Sep 15 2023, 13:46

Author Name: Market Watch

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