The US banking system isn’t fine yet, but it does seem to be stabilising and perhaps even healing a smidgen, judging by the usage of various Fed lending facilities.
The Fed said yesterday evening that borrowing from the Bank Term Funding Facility jumped by $41.7bn to $53.7bn, but borrowing from its classic discount window decreased by a similar amount, leaving overall usage of these Fed facilities roughly steady at $164bn.
Importantly, the trouble spots also don’t appear to be spreading. As JPMorgan notes:
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