Weekly Update: Bank Term Funding Program

This may be our last BTFP post as the program is due to expire on March 11th. We may post content related to the Fed’s Discount window in the coming weeks given that the need for a bank to tap the Discount window is a sign of weakness - regardless of the propaganda coming out of the Fed about the Window.

Here is this week’s BTFP activity:

• The Bank Term Funding Program (BTFP, bail out/QE) had approximately $164.0 billion in outstanding loans as of Wednesday this week compared to $163.5 billion a week ago. The Fed has stated that the BTFP will expire on March 11th.

FEDERAL RESERVE statistical release: https://www.federalreserve.gov/releases/h41/current/

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