Loans through the Federal Reserve Board's discount window grew 2.4% during the past week, to $19 billion on Wednesday.

The growth centered on commercial banks, where borrowing rose 2.3%, to $18.9 billion. Investment banks continued to abstain from borrowing at the window.

No loans were made in the form of secondary credit to weak financial institutions, and $102 million was distributed as seasonal credit to banks in rural or resort regions.

The bulk of the borrowing was done in the New York and San Francisco Fed districts. The New York Fed issued $12 billion of loans; the San Francisco Fed, $3.729 billion.

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