Loan Modification

"Bank borrowing over the past week from the Federal Reserve's emergency lending program fell to the lowest point since before the credit crisis struck with force in the fall of 2008. The decline provided further evidence that credit markets are improving."

"Loans from the central bank's emergency lending program, known as the discount window, had surged to a high of $110 billion a day during the height of the financial crisis in the fall of 2008. At the time, banks turned to the Fed as a lender of last resort because their sources of credit were frozen.

The $104 million weekly average was the lowest since the week of March 19, 2008, when the average was $81 million."