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Commonwealth Bank of Australia (ASX:CBA) borrowed $100 million from the US Federal Reserve's discount window at the height of the global financial crisis, according to Bloomberg.
During 2008, CBA reportedly secured a $75 million loan on 17 July, and an additional $25 million loan on 12 November.
The information has been revealed from documents released under the US Freedom of Information Act.
A Commonwealth Bank spokesperson has told Bloomberg that there is, ''absolutely nothing to be read into the transactions”, adding that, given the fragility of markets at this time CBA trailed its access to various central bank windows to ensure that its systems and processes were in order, should the situation worsen.
At the end of last year it was revealed that National Australia Bank Ltd (ASX:NAB) and Westpac Banking Corporation Ltd (ASX:WBC) were also among the global banks that borrowed billions of dollars in emergency funds from the US Federal Reserve.
In the six months to 31 December 2010 Commonwealth Bank booked an interim net profit of $3 billion.
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Last
$168.33 |
Change
-0.570(0.34%) |
Mkt cap ! $281.6B | |||
| Open | High | Low | Value | Volume |
| $169.10 | $169.13 | $167.78 | $231.7M | 1.376M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | $168.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $168.33 | 889 | 1 |
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| Last trade - 16.19pm 16/09/2025 (20 minute delay) ? |
| CBA (ASX) Chart |