Wires

Fed survey points to increased funding demand for equities

WASHINGTON, June 27 (Reuters) - A rising share of big Wall Street firms surveyed by the Federal Reserve said there has been an increase in funding demand for equities, the U.S. central bank said on Thursday.

The Fed said it surveyed 23 big financial institutions between May 14 and May 31, asking them about financial market conditions between March and May.

Financial markets swooned throughout May as investors worried about the prospects of an intensifying trade war between the United States and China.

"In contrast to the trend over the previous four quarters, one-fifth of dealers, on net, indicated an increase in funding demand for equities," the Fed said. (Reporting by Jason Lange Editing by Chizu Nomiyama)