It’s official: Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program is confirmed to expire but usage continues to rapidly pick up speed!

Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm TLDRS: The Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11 This past week, total outstanding amount of all advances from the liquidity fairy under the Bank Term …

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