Borrowing from the Bank Term Funding Program hit a NEW all time high–the 10th consecutive week above $100 billion!
by Dismal-Jellyfish What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial shrink in M2 and dip in deposits. Buckle up! Bank Term Funding Program (BTFP): https://www.federalreserve.gov/releases/h41/20230810/ https://fred.stlouisfed.org/series/H41RESPPALDKNWW 781.1%!!! Date …