The Federal Reserve's emergency bank lending surged to a record high this week amid fallout from the collapse of Silicon Valley Bank and Signature Bank.
The Fed did not identify which banks received the roughly $164.8 billion in funding, nor did it specify how many requested it.last week. It marked the largest U.S. bank failure since the global financial crisis in 2008.
The Silicon Valley Bank logo is seen through a rain covered window in front of the SVB headquarters on March 10, 2023 in Santa Clara, California.
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