Emergency lending to banks boosted overall Fed holdings, size of balance sheet

Late Thursday, Reuters reported that Federal Reserve emergency lending to banks, which hit record levels the last week, remained high in the latest week, amid continued large scale extensions of credit to the financial system, which now includes official foreign borrowing.

“Borrowing from the Fed caused the size of its overall balance sheet to move to $8.8 trillion from $8.7 trillion the prior week,”

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