WASHINGTON (AP) - Big Wall Street investment companies are
pulling back on their borrowing from the Federal Reserve's
emergency lending program.
The Federal Reserve says in a report Thursday that those firms
averaged $18.6 billion in daily borrowing over the past week. That
compared with $22.6 billion in the previous week.
The program, which began on March 17, is one of several
extraordinary actions the Fed has taken recently to limit the
damage from a trio of crises - housing, credit and financial.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.