Banks trim borrowing from the Fed once more

The numbers: Banks trimmed borrowing from the Federal Reserve for the second week in a row, as stress within the monetary system appeared to ease additional nearly a month after the shocking collapse of Silicon Valley Bank.

Financial establishments drew $149 billion in credit score within the week ended April 5, based mostly on the Fed’s weekly H.4.1. survey. That’s down from $154 billion final week and $164 billion two weeks in the past.

Reduced…