Summary of Federal Reserve's Bank Term Funding Program | Practical Law

Summary of Federal Reserve's Bank Term Funding Program | Practical Law

A summary of the terms and conditions of the Federal Reserve's Bank Term Funding Program (BTFP). The Federal Reserve authorized the Federal Reserve Banks to establish the BTFP to make available additional funding to eligible depository institutions to ensure they are able to meet the liquidity needs of all their depositors. The BTFP ceased extending new loans on March 11, 2024.

Summary of Federal Reserve's Bank Term Funding Program

Practical Law Article w-038-8482 (Approx. 5 pages)

Summary of Federal Reserve's Bank Term Funding Program

by PL Finance
Published on 16 Mar 2023 • USA (National/Federal)
A summary of the terms and conditions of the Federal Reserve's Bank Term Funding Program (BTFP). The Federal Reserve authorized the Federal Reserve Banks to establish the BTFP to make available additional funding to eligible depository institutions to ensure they are able to meet the liquidity needs of all their depositors. The BTFP ceased extending new loans on March 11, 2024.