Posted AT 5:37 PM EST on 02/01/09
U.S. banks borrow slightly more from the Fed
WASHINGTON — The Federal Reserve says commercial banks borrowed slightly more, while investment firms drew less over the past week from its emergency borrowing program.
The report, released Friday, shows commercial banks averaged $86.6-billion (U.S.) in daily borrowing over the week ending Wednesday. That was up from $86.3-billion in average daily borrowing logged over the week that ended Dec. 24.
Investment firms drew $38.
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