Weekly Update: Bank Term Funding Program

This week’s BTFP activity:

• The Bank Term Funding Program (BTFP, bail out/QE) had approximately $112.9 billion in outstanding loans as of Wednesday this week, up from $109.1 billion (+ $3.8 billion) a week ago.

Source: https://fred.stlouisfed.org/graph/fredgraph.png?g=1bdCH

• The “other credit extensions” line item of $35.2 billion includes the FDIC loans made to regional banks. This figure is down from $46.8 billion (- $11.6 billion) a week ago.

• If you missed our weekly Fed Balance Sheet Reduction (QT) Update, click HERE.

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

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