WASHINGTON — The Federal Reserve in May held twice as much in collateral than it provided in credit to banks from its discount lending window, the Fed said in a report Friday.
The monthly report is aimed at bringing increased transparency to the Federal Reserve's operations.
It noted that discount window borrowing has been consistently declining as the economy has been recovering.
A total of 28 borrowers used the Fed's discount lending window in the four weeks leading up to May 26.
Of those borrowers, 24 hold assets of less than $250 million. Two have assets of between $5 billion and $50 billion while none had assets of more than $50 billion.