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Fed reveals banks’ emergency borrowing
By Robin Harding in Washington
The US Federal Reserve has started to disclose emergency borrowing by individual banks, highlighting the risk that they will stop using its facilities because of stigma.
Banks including the Royal Bank of Canada, UBS and Mitsubishi UFJ all borrowed small amounts from the Fed at a penalty rate during the third quarter of 2010.
By Robin Harding in Washington
The US Federal Reserve has started to disclose emergency borrowing by individual banks, highlighting the risk that they will stop using its facilities because of stigma.
Banks including the Royal Bank of Canada, UBS and Mitsubishi UFJ all borrowed small amounts from the Fed at a penalty rate during the third quarter of 2010.