Weekly Update: Bank Term Funding Program

Here is this week’s BTFP activity. The Fed’s BTFP bailout/back door QE program is scheduled to expire on March 11th.

• The Bank Term Funding Program (BTFP, bail out/QE) had approximately $164.9 billion in outstanding loans as of Wednesday this week, down from $165.2 billion a week ago. The Fed is working to position its Discount window as the BTFP’s replacement to support weak banks.

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

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