Banks cut Fed borrowing, sign credit stress easing - WCAX.COM …
July 9, 2009
WASHINGTON (AP) - Banks trimmed borrowing from the Federal Reserve’s emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, promising signs that some credit problems are …
NewsDaily: U.S. consumer credit edges down $3.23 billion in May
July 9, 2009
Total US consumer credit fell by an unexpectedly slight $3.23 billion in May, Federal Reserve data showed on Wednesday, although the previous month’s drop was revised to a steeper decline than initially thought.
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