SPDR S&P 500 (SPY)

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Investment banks skip Fed loans
Commercial banks borrow less, investment banks borrow nothing from Fed's emergency lending program, perhaps signaling improvements in credit.

"WASHINGTON (AP) -- Wall Street companies didn't borrow from the Federal Reserve's emergency lending program over the past week while commercial banks scaled back, sending a sign of of some improvements in credit strains.

Investment firms did not draw loans for the week ending July 9. They borrowed just $1.7 billion in the previous week, down from $6.1 billion in the week before that. Such borrowing rose as high as $38.1 billion in early April."

http://money.cnn.com/2008/07/10/news/companies/fed_credit_crisis.ap/index.htm?section=money_latest

Anyone know if there is a place where we can look to substantiate this article?