have sometimes even quite useful portals such as Yahoo News, as in this case . The American banks are still suffering from under financial constraints, as shown by some figures from the Fed. Inaccurate translations I apologize, the Americans have things that are so in the form we are not at there, and we therefore have no name.
borrow under pressure banks to record amounts from Fed
New York (Reuters) - loan banks in the last weeks record amounts from the Fed, as now a year-long credit crisis, continued its toll, while the commercial paper market [market for short-term bonds] continues to shrink, signaling hard times for borrowers of short-term loans.
The Primary Credit [main refinancing operation] of banks reached last week an average of 17.45 billion dollars per day, which they 16.38 billion for the week was the second consecutive week earlier record. The Fed data showed on Thursday.
"This shows that there is a lack of liquidity in the system," said Christopher Low, chief economist at FTN Financial in New York.
The Secondary Credit [marginal lending business], which is usually taken by banks claim that need money quickly rose from 34 million to 89 million dollars in the last week. Although these numbers are still very small compared to the main refinancing operation, "says the one that there is an increasing number of banks that the Fed referred to as unsound or capitalized too low," said Low.
analysts will be watching the marginal lending business just as the efforts of regional and smaller banks in the U.S., the further decline in house prices and the rise of foreclosures and bad loans of the difficulties of the banking sector for many months, or worse even years continue to be.
Some analysts write the general increase in demand for short-term "window discounts" to refinance the Fed a mixture of factors.
"I'm sure there are troubled banks in difficulties, the attempts to pump the window system," said Michael Feroli, economist at JPMorgan in New York. But He added: "More and more banks are trying to take advantage of the pure economic advantage of being able to borrow at low interest rates to move, and you see a slow fading away of the stigma, the use of discount window."
The interest rate the Fed for the discount window is 2.25%.
the same time, the market for short-term loans, a vital source of short-term funding for daily operations of many companies, last week declined from 1.744 trillion to $ 1.728 trillion dollars - that is a loss of $ 16 billion.
"The panic of last year is over. It is now ordered, But is the financial pressure and it will be more trouble, "said John Canavan, market analyst at research company Stone & McCarthy in Princeton, New Jersey.
Part of the general decline can be "asset-backed commercial paper [plant covered bonds], a sub-region, the slip off the mortgage and real estate prices has been undermined, are attributed.
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