Four banks try to reassure markets with Fed loans

In a rare move, four top banks borrowed $2 billion from the Federal Reserve on Wednesday in hopes of reassuring markets. Citigroup, Bank of America, JPMorgan Chase and Wachovia also hope the loans will help remove a stigma against borrowing from the Fed. "The psychology is, if a bank needs to borrow from the discount window, and they think there's a stigma attached to it, they can say, 'Citi has done it, too,'" said Robert Albertson, chief strategist at Sandler O'Neill.

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