Lending through the Federal Reserve Board's discount window grew 5.1% during the past week, to $111.9 billion.

Traditional borrowing by commercial banks fell 4.3%, to $28.2 billion. Lending to weak institutions declined 3.5%, to $558 million.

Borrowings against asset-backed commercial paper held steady at $79 million, and investment banks continued to stay away from the discount window.

Reserves held by financial institutions at the central bank fell 1.7%, to $862.8 billion. The Fed's balance sheet grew 2.5%, to $2.1 trillion.

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