U.S. banks borrow at discount window after Fed offers stigma relief
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NEW YORK (Reuters) - With encouragement from the Federal Reserve, U.S. banks have turned to a long-shunned lending facility known as the discount window to borrow $50.8 billion (42 billion pounds), according to data the central bank released on Thursday.The outstanding balance was the most since April 2009 and a reversal from negligible sums since the financial crisis. Borrowing at the discount window has long carried a stigma because of speculation about which banks were using it and whether..