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Fed Reserve lent cash-short banks $300B in emergency funds

Por: 10 WBNS Nation March 17, 2023

WASHINGTON — Cash-short banks have borrowed about $300 billion from the Federal Reserve in the past week, the central bank announced Thursday. Nearly half the money — $143 billion — went to holding companies for two major , Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets. The Fed did not identify the banks that received the other half of the funding or say how many of them did so. The holding... + full article



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