Fed Emergency Loans to Banks Post First Rise in Five Weeks
- Lending from both the discount window and BTFP program climbed
- Fed loans to bridge banks were unchanged at $172.6 billion
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Banks increased emergency borrowings from the Federal Reserve for the first time in five weeks, indicating that financial stresses are lingering after a string of bank collapses last month.
The US central bank had $143.9 billion of loans outstanding to financial institutions through two backstop lending facilities in the week through April 19, compared with $139.5 billion the previous week, according to data published Thursday.