Fed emergency lending to banks ticks down in latest week
4:54 pm Thursday, June 01st, 2023
(Reuters) – Federal Reserve emergency lending to banks edged down in the latest week, driven by a decline in “other credit” to government wind-downs of failed banks, to $188.1 billion on Wednesday from $192.6 billion a week earlier, according to Fed data released on Thursday.
Loans from the U.S. central bank’s discount window also ticked down, to $4 billion on Wednesday from $4.2 billion on May 24, the data showed.
Bank Term Funding Program loans – an emergency program created to soothe bank sector stress after the March regional bank failures – rose to $93.6 billion, from $91.9 billion a week earlier.
Lending via all three programs stood at $285.7 billion, versus $288.7 billion on May 24. The total size of the Fed’s balance sheet was $8.436 trillion, down from $8.486 trillion a week earlier.
(Reporting by Ann Saphir; Editing by Will Dunham)
