Bank Term Funding Program Shut Down, What Happens Next

Описание: Today is the last day for new loans from the Fed's BTFP, and there is still $165 billion being borrowed from it. In fact, that balance increased just last week. What are the implications of the shutdown? We keep coming back to the same factor which was all over last March. And with CRE looming in the background, too.

Eurodollar University's Money & Macro Analysis

Fed Press Release BTFP March 12, 2023
https://www.federalreserve.gov/newsev...

Fed Press Release BTFP January 24, 2024
https://www.federalreserve.gov/newsev...

Basel Committee on Banking Supervision Report on the 2023 banking turmoil
https://www.bis.org/bcbs/publ/d555.pdf

Bloomberg The Brutal Reality of Plunging Office Values Is Here
https://www.bloomberg.com/news/featur...

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