Data released by the Federal Reserve showed that in the week ended March 15, the Fed lent funds from the discount window (the traditional liquidity support of banks) to a record high of 152.85 billion U.S. dollars, up from 4.58 billion U.S. dollars the previous week. The previous all-time high was $111 billion during the 2008 financial crisis. The data also showed that the Federal Reserve's new emergency support program, the Bank Term Financing Program, launched on Sunday, lent $11.9 billion to the banking industry.
[10:04] Analysts at JPMorgan Chase & Co. say the Fed's $2 trillion support plan tells the market a ceiling on how much liquidity it can ultimately provide.
