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WASHINGTON — Commercial banks and investment firms borrowed less over the past week from the Federal Reserve’s emergency lending program, a hopeful sign some credit stresses are easing a bit.The Federal Reserve said Thursday that commercial banks averaged $48.5 billion in daily borrowing over the week that ended Wednesday. That was down from $49.2 billion in average daily borrowing logged over the week ended April 8. Investment firms drew $12.9 billion over the past week from the Fed program.
