Reuters
Federal Reserve emergency lending to banks, which hit record levels last week, remained high in the latest week amid ongoing anxiety over the state of the financial system, Federal Reserve data released Thursday showed. The Fed reported that discount window borrowing, its main source of emergency credit to depository institutions, hit $110.2 billion as of Wednesday, down from the $152.9 billion reported last week. Last week's level had surged from $4.6 billion on March 8, shredding the $112 billion record set during the fall of 2008, during the global financial crisis’s most perilous phase.