Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the fifth week in a row.
A Fed report released Thursday said commercial banks averaged $18.98 billion in daily borrowing over the past week. That compared with a daily average of $18.47 billion in the previous week.
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What Really Happened: Banks borrow more from Fed; Wall Street takes pass
By mememan - Posted on September 5th, 2008
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