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.