Fed loans, account guarantees helped stabilize 'deposit flows' at regional banks, Treasury says
Silicon Valley Bank ex-CEO backed Big Tech lobbying groups that targeted Dodd Frank, sought corporate tax cuts
The result of the actions was a dramatic turnaround in the fortunes of numerous banks, said Adeyemo. That included banks that had anticipated potential mass withdrawals, and pledged collateral ahead of time expecting to need emergency loans. But while the trends were moving in the right direction, the amount of money banks borrowed in the past week through Wednesday from the Fed's discount window set a new record at $153 billion, according to the Fed'sThe previous record for discount window loans was $111 billion, set at the height of the financial crisis in 2008.
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