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Setting-Up a "Crash?" Federal Reserve PULLS more than HALF of Credit Available through Bank Term Funding Program (BTFP)
Yesterday 11:03 am
There appears to be a discrepancy in the actual truth and what some **** posted on X.*GHETTOBLASTER » 40 minutes ago » wrote: ↑ I assume he BTFP was put in place by our brightest economic minds and with a room full of careful calculations.
SO... JUST AS SOON AS Trump is elected these people suddenly realize that they accidentally over calculated by DOUBLE what needs to be in the fund.
Got it.
March 15, 2024 "As of March 11, 2024, the Bank Term Funding Program (BTFP) has ceased making new loans. As your institution has no BTFP loans outstanding, the Federal Reserve encourages you to transfer the collateral in your BTFP account to your discount window account. The discount window will continue to provide ready access to funding to meet liquidity needs"