This week’s BTFP activity was muted.

• The Bank Term Funding Program (BTFP, bail out/QE) had approximately $109.1 billion in outstanding loans as of Wednesday this week, flat with $109.1 billion a week ago.

• The “other credit extensions” line item of $46.8 billion includes the FDIC loans made to regional banks. This figure is down from $48.3 billion (- $1.5 billion) a week ago.

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

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