Fed balance sheet balloons after SVB failure and effort to stop bank runs
U.S. banks borrowed almost $165 billion from the Federal Reserve in the past week after the failure of Silicon Valley Bank, according to data released Thursday.
The... U.S. banks borrowed almost $165 billion from the Federal Reserve in the past week after the failure of Silicon Valley Bank, according to data released Thursday. In addition to those two loan programs, the Federal Deposit Insurance Corp. made $143 billion in credit available to Silicon Valley Bank and another failed bank, Signature Bank of New York.
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