Discount Window Borrowings (as of 11/21/07)

Please look at the H.4.1 report which showed Discount Window borrowings averaged $434 million last week, an $89 million decrease since the 11/14/07 report. It’s interesting that the minuscule ending balance of $11 million was the same as last week and the average was so high during the week.  If that pattern continues again in the next report, I’ll put out a theory why that might be the case.  But until then, I’ll just assume it was a coincidence.