Operating at the Intersection of Technology and the Capital Markets
Tag: FDIC
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 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
The Fed's FedNow payment network goes live next month. FedNow lays the groundwork for a Central Bank Digital Currency (CBDC). FedNow - a CBDC Trojan Horse? It will be interesting to see if any of the large banks opt-in to FedNow. The reason I say this is because if the Fed was to roll out … Continue reading FedNow Goes Live In July. Is A CBDC Next?
End of LIBOR: Use of LIBOR has been slowly phased out in recent years and is set to end on Friday June 30th. The FCA will publish 1-, 3- and 6-month synthetic US dollar LIBOR settings until September 30th 2024. The Secured Overnight Financing Rate (SOFR) is replacing LIBOR in the US. What does this … Continue reading Friday Marks The End of LIBOR and The Fed Is A Perma-Dove
The Bank Term Funding Program (BTFP, bail out/QE) had approximately $100.2 billion in outstanding loans as of Wednesday this week, up from $93.6 billion (+ $6.6 billion) a week ago. This banking crisis is not over. The “other credit extensions” line item of $185.2 billion includes the FDIC loans made to regional banks. This figure is down … Continue reading Weekly Update: Bank Term Funding Program
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