Banking, finance, and taxes
Primary Dealers Take $29 Billion From The Fed (GS)(MS)(LEH)
Published:
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
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