Weekly Update: Bank Term Funding Program

Weekly Update: Bank Term Funding Program

  • The Bank Term Funding Program (BTFP, bail out/QE) had approximately $74.0 billion in outstanding loans as of Wednesday this week, up from $71.8 billion (+ $2.2 billion) a week ago.
  • The “other credit extensions” line item of $172.6 billion includes the FDIC loans made to regional banks. This figure is unchanged from a week ago.
  • While the Fed runs this QE program, it is separately tightening the money supply, further sending mixed signals to the market.
FEDERAL RESERVE statistical releasehttps://www.federalreserve.gov/releases/h41/current/