Bankruptcy Law News
10/10/2008 11:47:05 AM EST
Banks borrow record amount from Fed
WASHINGTON – (AP) Banks borrowed in record amounts from the Federal Reserve's emergency lending facility over the past week, while investment banks drew loans at a brisk though slightly lower pace, fresh proof of the credit problems gripping the country.
The Fed's report released Thursday said commercial banks averaged a record $75 billion in daily borrowing … Full version (available to lexis.com subscribers) Create an account or login to post comments.