Fed's lending to banks shrinks in latest week
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2023-06-30 04:50
Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed. The

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)

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