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Author: anonymous Hipster

Bank Term Funding Program Blows Up In Final Minutes…

Posted on March 17, 2024March 19, 2024 by anonymous Hipster

The Fed shut down the BTFP, but just before it closed billions in loans were made to banks over the repeated objections of policymakers. Officials have been pushing depositories toward the Discount Window to the point even the FHLB system is dissuading its members from using its own advances as emergency liquidity. Yet, the last-minute…

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