Banks borrow more from Fed; Wall Street takes pass

The Associated Press Thursday, September 4, 2008; 4:32 PM WASHINGTON -- Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the fifth week in a row. A Fed report released Thursday said commercial banks averaged $18.98 billion in daily borrowing over the past week. That compared with a daily average of $18.47 billion in the... [read full story]