The data for the latest week has shown Federal Reserve Discount Window borrowing at USD 5.3bn (on May 3rd).
- This compares with the previous week's $73.9bn (April 26)
- the highest for this was $152.9 bn reached last month
BTFP $75.8bn (previous.$81.3bn)
However, "Other Credit" jumped to $228.2bn vs. its previous week's $170.4bn.
- First Republic and BTFP borrowing has shifted to 'Other Credit'
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The Federal Reserve has $81.1 b of loans outstanding to financial institutions through two backstop lending facilities in the week through May 3, compared with $155.2 billion the previous week
- smallest amount since the banking-sector wobbles started in March
