Feds: Financial crisis fading - WKOW 27: Madison, WI Breaking News, Weather and Sports

Feds: Financial crisis fading

WASHINGTON (WKOW) -- Banks in the U.S. borrowed less from the federal government's emergency lending program last week.

Experts say this is a sign the financial crisis is fading.

The Fed reported that daily borrowing from its emergency loan program averaged $11.49 billion for the week that ended Wednesday. That's down by $2.24 billion from the previous week, when banks borrowed $13.73 billion.

At the height of the financial crisis, emergency borrowing from the Fed's discount window exceeded $100 billion a day.

 

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