Fed Window Lending Up

Lending through the Federal Reserve Board's discount window budged up less than 1% during the past week, to $110.3 billion.

Traditional borrowing by commercial banks fell 1%, to $28.2 billion. Lending to weak financial institutions fell by nearly 21%, to $463 million.

Borrowing against asset-backed commercial paper held by money market mutual funds held steady at $79 million.

Reserves held by financial institutions at the central bank fell 6.1%, to $848.1 billion. The Fed's balance sheet shrank 0.8%, to $2.14 trillion.

Meanwhile, the Federal Reserve Bank of New York said it purchased $29.1 billion in mortgage-backed securities from the government-sponsored enterprises over the past week: $15.2 billion from Fannie Mae, $12.1 billion from Freddie Mac and $1.8 billion from the Government National Mortgage Association.

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