Operating at the Intersection of Technology and the Capital Markets
Tag: BTFP
This week’s BTFP activity: The Bank Term Funding Program (BTFP, bail out/QE) had approximately $107.6 billion in outstanding loans as of Wednesday this week, down from $108.0 billion (- $0.4 billion) a week ago. The “other credit extensions” line item of $85.0 billion includes the FDIC loans made to regional banks. This figure is down from $133.4 … Continue reading Weekly Update: Bank Term Funding Program
This week’s BTFP activity: The Bank Term Funding Program (BTFP, bail out/QE) had approximately $108.0 billion in outstanding loans as of Wednesday this week, up from $107.9 billion (+ $0.1 billion) a week ago. The “other credit extensions” line item of $133.4 billion includes the FDIC loans made to regional banks. This figure is down from $133.8 … Continue reading Weekly Update: Bank Term Funding Program
This week’s BTFP activity: The Bank Term Funding Program (BTFP, bail out/QE) had approximately $107.9 billion in outstanding loans as of Wednesday this week, up from $107.5 billion (+ $0.4 billion) a week ago. The “other credit extensions” line item of $133.8 billion includes the FDIC loans made to regional banks. This figure is down from $134.4 … Continue reading Weekly Update: Bank Term Funding Program
This week’s BTFP activity: The Bank Term Funding Program (BTFP, bail out/QE) had approximately $107.5 billion in outstanding loans as of Wednesday this week, up from $107.4 billion (+ $0.1 billion) a week ago. The “other credit extensions” line item of $134.4 billion includes the FDIC loans made to regional banks. This figure is down from $137.2 … Continue reading Weekly Update: Bank Term Funding Program
This week’s BTFP activity. The Bank Term Funding Program (BTFP, bail out/QE) had approximately $107.2 billion in outstanding loans as of Wednesday this week, up from $106.9 billion (+ $0.3 billion) a week ago. The “other credit extensions” line item of $141.6 billion includes the FDIC loans made to regional banks. This figure is down from $145.4 … Continue reading Weekly Update: Bank Term Funding Program
This week's BTFP activity. The Bank Term Funding Program (BTFP, bail out/QE) had approximately $106.9 billion in outstanding loans as of Wednesday this week, up from $105.7 billion (+ $1.2 billion) a week ago. The “other credit extensions” line item of $145.4 billion includes the FDIC loans made to regional banks. This figure is down from $148.1 … Continue reading Weekly Update: Bank Term Funding Program
This week's BTFP activity is below. Our bulleted items are as of Wednesday August 2, 2023. In terms of which banks will fall next, it will be those with the greatest exposure to Commercial Real Estate Office space. Our view is that the Fed will ease before the CRE market fully blows up - which … Continue reading Weekly Update: Bank Term Funding Program
Bank of California agreed to acquire PacWest earlier this week. M&A is an example of a Capitalist, free market solution to the regional bank debacle. Filing for Chapter 11 protection is another market-based solution. The Bank Term Funding Program is a bailout program, plain and simple. The Bank Term Funding Program (BTFP, bail out/QE) had approximately $105.1 … Continue reading Weekly Update: Bank Term Funding Program
I would expect the BTFP to be utilized to a greater extent should the Fed raise rates when the FOMC meets next Tuesday and Wednesday (July 25th and 26th). The Bank Term Funding Program (BTFP, bail out/QE) had approximately $102.9 billion in outstanding loans as of Wednesday this week, up from $102.3 billion (+ $0.6 billion) a … Continue reading Weekly Update: Bank Term Funding Program
Absent this Bank Term Funding Program bailout the U.S. banking system would be self-correcting at a much more rapid pace. This $2 Trillion bailout creates moral hazard in the same way that 13 years of QE did, which is to say that QE created an Executive class of Commercial Bankers who do not know how … Continue reading Weekly Update: Bank Term Funding Program
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