Federal Reserve Loans Climb to $354 Billion as Banks Scramble for Liquidity, Highest Since 2008

• Federal Reserve Loans Climb to $354 Billion as Banks Scramble for Liquidity, Highest Since 2008
  by JOHN CARNEY, https://www.breitbart.com/
  The Federal Reserve’s loan book continued to grow this week as banks took advantage of the central bank’s emergency lending facilities for the second consecutive week, according to data released Thursday. The Fed’s loans climbed to $354.2 billion as of Wednesday, March 23rd. That’s an increase from the $318.2 billion of loans the Fed had out the prior Wednesday.
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  On average in the seven days that ended Wednesday, the Fed had $340.7 billion in loans, more than $315 billion higher than a year ago and $185 billion higher than last week’s average. The record high for liquidity and credit facilities was $441.4 billion in October of 2008, at the height of the global financial crisis.
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