Fed’s lending to banks shrinks in latest week

FILE PHOTO: Federal Reserve building is pictured in Washington

(Reuters) – Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed.

The Fed lent banks $3.2 billion via its discount window as of Wednesday, unchanged from June 21. It lent $103.1 billion from its Bank Term Funding Program, from $102.7 billion on June 21. Fed “other credit” tied to the government wind down of failed banks stood at $168.3 billion, from June 21’s $172.3 billion.

Altogether, lending via the three programs stood at $274.7 billion from $278.2 billion the week before.

(Reporting by Michael S. Derby)

Reuters

Related posts

Pumpkin spice season arrives early at Krispy Kreme in Brick Township

Once popular New Jersey breakfast brand Denny’s selling off restaurants after bankruptcy

Lockheed Martin investors urged to step forward in securities fraud case