Lending through the Federal Reserve Board's discount window was virtually unchanged in the past week at $17.504 billion.
Investment banks abstained from the window for the sixth week in a row. Borrowing by their commercial counterparts increased 0.7% from a week earlier, to $17.407 billion Wednesday.
There were no loans to weak financial institutions in the form of secondary credit, and the remaining $97 million was in the form of seasonal credit to banks in rural or resort regions.
The vast majority of the loans — $14.166 billion — are long-term ones and will mature in 16 to 90 days. The remaining $3.338 billion will come due within 15 days.
The regional Fed banks in New York, Chicago, and San Francisco continued to do the lion's share of the lending. The New York Fed distributed $12 billion, while the San Francisco Fed issued $2.226 billion. The Chicago Fed issued $1.195 billion.
