Published on OurFuture.org (http://www.ourfuture.org)
Brokers Borrow $37 Billion
By OurFuture.org Staff
Created 03/27/2008 - 11:02pm

Article Source: 
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B0244ABB5-461E-459D-9019... [1]
Article Publication Date: 
03/28/2008

Investment banks and broker dealers borrowed more than $30 billion a day from the Federal Reserve's discount window this past week, but showed only tepid interest in a separate 28-day lending facility from the Fed. The 20 primary dealers borrowed $37 billion from the discount window, $8.2 billion more than the previous week. For the entire week, loans to the 20 primary dealers averaged $32.9 billion a day, up $19.5 billion from the previous week.

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[1] http://www.marketwatch.com/News/Story/Story.aspx?guid={0244ABB5-461E-459D-9019-39DA524339CD}