Regional banks, facing financial strain, borrowed $7.02 billion from the Federal Reserve discount window.

🚨BREAKING: FED DISCOUNT WINDOW 📈

FED DISCOUNT-WINDOW LOANS $7.02B IN THE WEEK

*The latest data suggest that mostly regional banks are using the discount window as they are the ones with the worst balance sheets. pic.twitter.com/KbqGFjQ16J

— The Coastal Journal (@1CoastalJournal) April 25, 2024