The balance sheet of the US Federal Reserve (Fed) increased by approximately $300 billion as of March 15, reaching $8.69 trillion.

The Fed released data on its balance sheet for the week ending March 15.

During the period in question, banks borrowed a record $152.9 billion from the discount window that provided liquidity support. The highest amount previously recorded in this item was $111 billion in the 2008 financial crisis. The previous week, banks had borrowed $4.6 billion in the same thing from the Fed.

On the other hand, within the scope of the Bank Term Financing Program (BTFP), initiated by the Fed on March 13 to facilitate lending to eligible US depository institutions, $11.9 billion was borrowed in 3 days.

During the same period, loans extended to depository institutions established by the Federal Deposit Insurance Corporation (FDIC) amounted to $142.8 billion.

The Fed balance sheet, which was $8.39 trillion the previous week, increased by nearly $300 billion to $8.69 trillion as of March 15, the highest level since November last year.