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Setting-Up a "Crash?" Federal Reserve PULLS more than HALF of Credit Available through Bank Term Funding Program (BTFP)
Today 11:56 am
November 2024..........Fuelman » 57 minutes ago » wrote: ↑ There appears to be a discrepancy in the actual truth and what some **** posted on X.
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"
"If bank's money is tied-up in Treasury Notes for a fixed term, and the federal reserve has now pulled credit from the Bank Term Funding Program, then how will banks meet their cash needs if the federal reserve won't give them the credit to get the cash from them? Answer: They won't."