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The amount of money banks borrowed from the Federal Reserve rose for the sixth week in a row and remained above $100 billion, indicating that the financial system is still suffering from a low but persistent level of stress.
Total bank borrowing increased by $2.3 billion, to $105.6 billion in the seven days ending June 14.
The Fed has been lending money to some banks that suffered a sharp decline in investor deposits after several regional institutions failed in the spring.
Most of the money the Fed has lent out has come from an emergency borrowing program set up in March after the collapse of Silicon Valley Bank. These loans edged up to $102 billion last week from $100.2 billion two weeks ago.
Total borrowing from the Fed peaked at $164.8 billion in mid-March. The level of borrowing was just $15 billion before the recent spate of bank failures.
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