USD 1.2 Trillion: What Banks Borrowed From The Fed In 2008

August 22, 2011 5:31 pm

We have written about how the Fed had loaned a huge amount to European banks – the question always has been, how much did the U.S. banks borrow – we spotted this today:

“We now know exactly how much banks and financial institutions borrowed from the Federal Reserve during 2008 financial crisis — $1.2 trillion. According to Bloomberg, that’s enough $1 bills to fill “539 Olympic-size swimming pools.”

The biggest borrower, Morgan Stanley, got $107.3 billion, Citigroup and Bank of America followed close behind with $99.5 billion and $91.4 billion respectively.”

Statistics Source: NPR

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