Federal Reserve’s banking bailouts reach a new weekly high of $103B By Cointelegraph
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The United States Federal Reserve ’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago.
The emergency lending program — known as the Bank Term Funding Program (BTFP) — was introduced in March amid the United States banking crisis which saw the collapse of Silicon Valley Bank, among others. The fund essentially is aimed at backstopping banks and other depository firms.
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The United States Federal Reserve ’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago.
The emergency lending program — known as the Bank Term Funding Program (BTFP) — was introduced in March amid the United States banking crisis which saw the collapse of Silicon Valley Bank, among others. The fund essentially is aimed at backstopping banks and other depository firms.
Continue Reading on Coin Telegraph
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