by Calculated Risk on 8/20/2007 12:03:00 PM
Monday, August 20, 2007
Deutsche Bank uses “discount window”
From the Financial Times: Deutsche Bank taps Fed credit window
Deutsche Bank has ... according to people close to the situation ... borrowed funds from the “discount window”.UPDATE: Here is the link to the discount window data (hat tip self). The aggregate data (not by bank) is released weekly on Thursday. The key line is "Loans to depository institutions".
The move came on Friday ... Deutsche Bank declined to comment, but people close to the situation said its decision to tap the window was taken to show support for the Fed’s move to combat the credit squeeze.
It is unclear how much Deutsche has borrowed from the discount window.