Fed loans via that new facility, the Bank Term Funding Program, ticked up to $105.7 billion as of Wednesday, Fed data released on Thursday showed, from $105.1 billion a week earlier.
The discount window is the central bank's longstanding mechanism through which the Fed doles out emergency loans. Banks historically avoid using it for fear of being seen as weak or troubled, but the Fed recently beganA Fed survey of senior financial officers at nearly 100 banks released this week sheds some new light on the uptake for the new lending facility set up in March.
Some 22% of domestic banks had borrowed from the program, and another 55% of banks had signed up or posted collateral to enable borrowing when needed, the survey released on Tuesday said.
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