TEK2day

Operating at the Intersection of Technology and the Capital Markets

    Tag: deposits

    • Expect Banks To Borrow Heavily from BTFP

      Nobody overdoes it like the Fed, except maybe the fiscal side of Government. Not only does the Bank Term Funding Program (BTFP) make bank collateral owned as of March 12th whole, the BTFP has a more attractive rate (at today’s rate), compared to the Fed’s discount window. When a bank borrows from the Fed’s discount…