Economic Report: Fed issued $139.5 billion in emergency loans to banks in latest week, down more than 50% from mid-March

The numbers: Cash-strapped banks borrowed $139.5 billion in emergency lending from the Federal Reserve in the week ended April 12, according to data released by the central bank Thursday. That was down from $148.7 billion last week and $154 billion two weeks ago. It’s also down from a peak of $300 billion in mid-March, when Silicon Valley Bank collapsed.

Key details: Banks borrowed $67.6 billion from the Fed using the traditional “discount window” in the week ended April 12, compared with $69.7 in the prior week.

The…