WASHINGTON — For the third consecutive week, lending through the Federal Reserve Board's discount window continued to soar, hitting a new record on Wednesday when total borrowing reached $409.5 billion.

The new high underscores the industry's struggle to regain its footing during the past week amid a financial crisis that toppled Washington Mutual Inc. and caused regulators to facilitate the sale of Wachovia Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.