United States banks on average borrowed $4.83 billion a day directly from the Federal Reserve in the week ended Dec. 26, up from $4.62 billion a day the previous week, Fed data released Thursday showed.
Discount window borrowing totaled $4.54 billion on Wednesday, compared with $4.77 billion a week earlier, according to the Fed.
In addition, the Fed said that banks in the New York area received $16.49 billion of the $20 billion in 28-day loans awarded in its first auction from its Term Auction Facility, which was established this month to ease the global credit squeeze.
Banks in the Dallas Fed district were awarded the second-highest amount, $1.4 billion, from the auction of 28-day loans, which was held Dec. 17, the Fed said.
Banks in the St. Louis Fed district received $1 billion, the third-highest amount.
Banks in 6 of the 12 Fed districts receive no money from the auction, which settled Dec. 20.
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