INSIGHTS: Huge Spike in Fed Bank Bailout Program a Worrying Sign for the Banking System
Total outstanding loans in the Bank Term Funding Program (BTFP) jumped over $5 billion this past month. You will recall the BTFP was the Fed’s bank bailout program when they started failing earlier this year.
This surge is notable during the first week of the month, where banks borrowed $3.87 billion through the Bank Term Funding Program (BTFP). Another notable increase in borrowing occurred between November 15 and November 22. As of November 22, the total outstanding loans in the BTFP reached $114.1 billion.
Join Chris and Branko as they discuss this in detail in today's Insights!
Read the full news post here.