Topline
Banks worried about liquidity in the wake of Silicon Valley Bank’s collapse took out a combined $164.8 billion in loans from the Federal Reserve over the past week, according to Fed statistics released Thursday, topping a record set during the 2008 financial crisis.
Key Facts
Banks took out $152.85 billion in loans using the Fed’s discount window—the central bank’s traditional backstop that provides loans for up to 90 days.
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