WASHINGTON (AP) -- The Federal Reserve reports commercial banks borrowed in record amounts from its emergency lending facility over the past week.
Investment banks drew loans at a brisk -- though slightly lower -- pace.
The Fed's report shows commercial banks averaged a record $99.7 billion in daily borrowing over the past week.
That surpassed the old record -- a daily average of $75 billion -- from the prior week.
For the week ending Wednesday, investment firms drew $131.1 billion.
That was down a bit from $134 billion in the previous week.
This category was broadened last week to include any loans made to the U.S. and London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley and Merrill Lynch.