WASHINGTON (AP) -- The Federal Reserve says commercial banks borrowed slightly less from its emergency lending program, while investment firms stepped up their loans.
The Fed's report shows commercial banks averaged $90.3 billion in daily borrowing over the past week.
That was down from $93.6 billion in average daily borrowing logged over the week ending Nov. 26.
Investment firms drew $57.2 billion over the week ending Wednesday.
That was up from an average of $52.4 billion the previous week.
This category was recently broadened to include any loans that were made to the U.S. and London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley and Merrill Lynch.
5727 Tokay Blvd., Madison, WI 53719
News Tips: 608-273-2727 or email@example.com