"Regional Banks Stabilized by Fed Loans and Account Guarantees Amid Crisis"
TL;DR Summary
Emergency loans made by the Federal Reserve to small and mid-sized US banks were key to stabilizing withdrawals, according to Treasury Deputy Secretary Wally Adeyemo. The swift actions by federal regulators helped contain the fallout from the collapse of Silicon Valley Bank and Signature Bank, but the markets have not yet fully priced in the federal aid or the $30 billion deposited into First Republic Bank to boost confidence in the system. The ongoing questions about bank stability and whether uninsured deposits will be covered in the future remain.
- Fed loans, account guarantees helped stabilize 'deposit flows' at regional banks, Treasury official says CNBC
- Banks Tap $165 Billion From Fed to Backstop Liquidity Bloomberg Television
- What Is the Fed Discount Window and Why Are Banks Using It So Much? Bloomberg
- Why did regulators ignore Dodd-Frank and orderly liquidation for failed banks? The Hill
- Banks borrow record-breaking $160B from Fed crisis lending programs Fox Business
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
87%
709 → 89 words
Want the full story? Read the original article
Read on CNBC