Lending through the Federal Reserve Board's discount window grew less than 1% over the past week, to almost $110 billion.

Traditional borrowing by commercial banks fell 0.2%, to $22.5 billion, and no loans were made to weak financial institutions.

There was also no borrowing by investment banks or against asset-backed commercial paper held by money market mutual funds.

Reserves held by financial institutions at the central bank fell 1.7%, to $1.1 billion. The Fed's balance sheet grew 0.2%, to $2.17 trillion.

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