@unabomber
I had to look this up because it sounds so stupid.
"The Bank Term Funding Program (BTFP), announced by the Federal Reserve Board in March 2023, offers loans of up to one year in length to banks, savings associations, credit unions and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities and other qualifying assets as collateral. These assets will be valued at par."
What happens in March '24 when the loans are up?
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Sir Teetse (almondee@noagendasocial.com)'s status on Sunday, 17-Dec-2023 14:16:10 JSTSir Teetse