"Quit beating arround the BUSH! Everybody knows the little people base their decisions upon the DJI
ticker. Everyone should know by now that the DJI is based upon Banking and Oil! So between the
Iraq war and the Fed supplying the crutch needed for the big banks, eveyone should know that
Wall Street and the Dollar are both backed and produced by green ink and liquid crystal!
Banks borrow more from Fed, investment firms less
Banks draw more, investment firms less over past week from Fed's emergency lending program
Jan 29, 2009
Email To A Friend
Please fill in the following information and we'll email this link.
SPONSORED BY
The Federal Reserve says commercial banks boosted their borrowing over the past week from its emergency lending program, while investment firms drew less.
The Fed says commercial banks averaged nearly $65 billion in daily borrowing over the week ending Wednesday. That was up from $61.6 billion in average daily borrowing logged over the week that ended Jan. 21.
Investment firms drew $32 billion over the past week. That was down from an average of nearly $32.7 billion the previous week. This category includes any loans that were made to the U.S.- and London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley and Bank of America Corp.'s Merrill Lynch.
© 2009
Discuss