FED just Pulled more the Half of Available Credit out of Bank Term Funding Program

by

https://twitter.com/_/status/1842670322157535529

Bank Term Funding Program (BTFP)

  • Purpose: The BTFP was created to support American businesses and households by making additional funding available to eligible depository institutions. It aimed to ensure that banks had the ability to meet the needs of all their depositors.
  • Ceased Operations: The BTFP ceased extending new loans on March 11, 2024.
  • Credit Withdrawal: As of March 31, 2024, the total outstanding amount of all advances under the BTFP was approximately $130.9 billion. The Federal Reserve has indeed pulled more than half of the available credit out of the program.

 

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h/t Truther Speaks

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