The Fed’s Emergency Financing To Banks Has Decreased From $163.9 Billion The Previous Week

In the most recent week, Bank of America cut borrowing from two of the Fed‘s credit facility facilities, indicating that liquidity requirements may be leveling down. Borrowing balances of US financial institutions fell to $152.6 billion in the week ending March 29, from $163.9 billion the previous week.

The most recent figures indicate that authorities’ attempts to contain the contagion following a succession of bank failures are bearing fruit, even if bank borrowing remains much above levels expected in times of low stress.

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