U.S. banks are borrowing billions of dollars to maintain liquidity following the recent collapse of Silicon Valley Bank (SVB), data published by the Federal Reserve shows.
Banks have borrowed a combined total of $164.9 billion from the central bank in recent weeks amid the banking crisis , according to Fed statistics released Thursday.
During the week ending March 15, banks borrowed $152.85 billion from the central bank using the Fed’s traditional discount window.Discount window lending provides loans for periods of up to 90 days.That number is up from $4.58 billion the previous week.Elsewhere, about $11.94 billion was borrowed through the newly […]
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