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![[Icon: Scattered Clouds]](http://icons.wunderground.com/graphics/conds/2005/partlycloudy.gif){kind=icon}
Credit problems may be easing as investment firms borrow less from Fed
THE NEWS TRIBUNE
Published: May 9th, 2008 01:00 AM
Wall Street investment companies have reduced borrowing from the Federal Reserve’s emergency lending program, a sign that credit problems may be easing a bit.
A Federal Reserve report Thursday said those firms averaged $16.5 billion in daily borrowing over the past week. That compared with $18.6 billion the previous week. It marked the fifth week in a row where investment firms borrowed less from the central bank.
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