The numbers: Cash-strapped banks borrowed $139.5 billion in emergency lending from the Federal Reserve in the week ended April 12, according to data released by the central bank Thursday. That was down from $148.7 billion last week and $154 billion two weeks ago. It’s also down from a peak of $300 billion in mid-March, when Silicon Valley Bank collapsed.
Key details: Banks borrowed $67.6 billion from the Fed using the traditional “discount window” in the week ended April 12, compared with $69.7 in the prior week.
The…
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