Fed Emergency Loans Rise Again Amid Renewed Financial Stress

  • Discount window, Bank Term Funding Program saw increased use
  • Ongoing banking turmoil complicates monetary policy debate

The Marriner S. Eccles Federal Reserve building in Washington, DC.

Photographer: Al Drago/Bloomberg
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Banks increased emergency borrowings from the Federal Reserve for the second week in a row, underscoring ongoing stress in the financial system following a string of bank collapses last month.

The US central bank had $155.2 billion of loans outstanding to financial institutions through two backstop lending facilities in the week through April 26, compared with $143.9 billion the previous week, according to data published Thursday.