Lending through the Federal Reserve Board's discount window grew 5.2% during the past week, to $18.563 billion on Wednesday.
Investment banks continued to avoid the discount window, while borrowing from commercial banks grew 5.2%, to $18.469 billion.
There were no loans in the form of secondary credit to weak financial institutions, and the remaining $94 million was distributed to banks in rural or resort regions, the Fed reported.
The regional Fed banks in New York and San Francisco continued to dominate discount window lending — the New York Fed lent $12.132 billion and the San Francisco Fed $2.7 billion.This marks the eighth week that investment banks have abstained from the Fed's discount window. Still, the Fed has said it will keep the window open to them through early next year.
