Primary Dealers Take $29 Billion From The Fed (GS)(MS)(LEH)

Print Email

Primary dealers borrowed $28.8 billion from the Fed during the first three days a new facility was open.

Reuters writes that "Primary dealers borrowed more than $13.4 billion a day from the U.S. Federal Reserve in the latest week, according to Federal Reserve."

Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), and Lehman Brothers (NYSE: LEH) all said they took advantage of the facility.

Douglas A. McIntyre