Banks trim borrowing from Fed

WASHINGTON The Fed says commercial banks averaged $34.46 billion in daily borrowing over the week that ended Wednesday. That was down from $34.97 billion in the week ended July 8.

The identities of the financial institutions are not released. They pay just 0.50 percent in interest for the emergency loans.

      QUICK HEADLINES | MORE US/WORLD | GET NEWS ALERTS
-----------------------------------------------------------------------------------------------
ABC13 SOCIAL NETWORKING
Find us on Facebook® | Follow us on Twitter | More social networking
-----------------------------------------------------------------------------------------------
MORE FROM ABC13
ABC13 widget | Most popular stories | Street-level weather
ABC13 wireless | Slideshow archive | Help solve crimes
-----------------------------------------------------------------------------------------------

Copyright © 2019 KTRK-TV. All Rights Reserved.