New Fed bank facility could see up to $2 trillion of usage, JPMorgan analysts saymarketwatch.com/story/new-fed-bank-facility-could-see-up-to-2-trillion-of-usage-jpmorgan-analysts-say-a496b16e
The Federal Reserve’s new facility set up after the collapse of two U.S. banks last week could see up to $2 trillion of use, according to a new analysis.
The Fed last weekend set up a lending program called the Bank Term Funding Program. What’s unique about it is that banks are allowed to pledge collateral at par, at a time when those securities are trading at a loss due to…
This story appeared on marketwatch.com, 2023-03-18.