July 31st, 2008, 08:04 PM
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Join Date: Feb 2005
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Economy - Thursday
(Investor's Business Daily)
Investor's Business Daily - Banks' primary credit borrowings averaged $17.45 bil per day in the latest week, breaking the prior week's record of $16.38 bil, the Fed said, a sign of continued liquidity woes. Commercial paper, a vital source of short-term corporate funding, fell $16 bil to $1.728 tril, the lowest in 2 years. But, the interbank cost of borrowing 3-month dollar funds posted its biggest fall in a month, a day after the Fed and other central banks set new liquidity measures. View the Entire Article
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