Economic Report: Bank borrowing from Fed rises slightly to $97.6 billion as financial stress lingers

This post was originally published on this site

The amount of money banks borrowed from the Federal Reserve last week rose slightly to $97.6 billion, indicating the U.S. financial system remains under some duress.

Total bank borrowing increased by about $1.5 billion in the seven days ending May 31.

The Fed has always made credit available to banks in trouble through its rarely used discount…