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Month: October 2008

Banks Borrow Record Amount From Fed

By JEANNINE AVERSA, AP Economics Writer WASHINGTON (AP) – Banks borrowed in record amounts from the Federal Reserve’s emergency lending program over the past week, while investment banks drew loans at a slower pace. The Fed’s report, released Thursday, showed commercial banks averaged a record $111.9 billion in daily borrowing over the past week. That

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Banks Borrow Record Amount From Fed

By JEANNINE AVERSA, AP Economics Writer WASHINGTON (AP) – Banks borrowed in record amounts from the Federal Reserve’s emergency lending program over the past week, while investment banks drew loans at a slower pace. The Fed’s report, released Thursday, showed commercial banks averaged a record $111.9 billion in daily borrowing over the past week. That

Continue Reading