KBTX | Bryan & College Station, TX | Aggieland News

Investment Firms Pull Back On Fed Borrowing

By: AP
By: AP

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.)

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 18463344