The Federal Reserve said in a monthly report Friday that borrowing has continued to fall, as market strains ease, at most of the lending facilities it started to fight the financial crisis.

"Continued improvements in financial market conditions have been accompanied by further declines in credit extended through many of the Federal Reserve's liquidity programs," the Fed said in its 35-page report.

Meanwhile, purchases of Treasurys and mortgage-related securities to help smooth transitions in those markets have continued to rise slightly.

As a result, the Fed held a little over $2.1 trillion in assets at Sept. 30, up $66 billion from the previous report, on Aug. 26, and $1.5 trillion a year earlier.

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