Fed’s Emergency Loans to Banks Fall for Fourth Straight Week
- Borrowing from new facility falls for first time since opening
- Combined loans to banks totaled $139.5 billion in latest week
Banks reduced their borrowings from two Federal Reserve backstop lending facilities for a fourth straight week as liquidity constraints continue to ease following the collapse of Silicon Valley Bank last month.
US banks had a combined $139.5 billion in outstanding borrowings in the week through April 12, compared with $148.7 billion the previous week, Fed data showed Thursday.