The Federal Reserve’s commercial paper holdings fell by more than $100 billion last week, with the balance sheet standing at $1.93 trillion, in a sign that the capital markets are returning to normal and that companies may be returning to the private sector for short-term financing.

In tandem, commercial banks increased their borrowing through the discount window by more than $5 billion to $68.29 billion.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.