"Federal Reserve to Let Emergency Bank Loan Program Expire, Markets Prepare for Impact"
TL;DR Summary
The Federal Reserve's vice chair for supervision, Michael Barr, indicated that the central bank is unlikely to extend the Bank Term Funding Program, an emergency loan program initiated during the regional banking crisis last year, as it has served its purpose in alleviating stress in the financial system. The temporary program is scheduled to expire on March 11.
Topics:business#banking-crisis#emergency-loan-program#federal-reserve#financeeconomy#financial-system#michael-barr
- Fed's Barr Signals Emergency Loan Program Won't Be Extended Bloomberg
- The Fed Launched a Bank Rescue Program Last Year. Now, Banks Are Gaming It. The Wall Street Journal
- Fed will let emergency bank-loan program expire, top official says MarketWatch
- The BTFP Will Expire in March: Fed Vice Chair for Supervision Michael Barr WOLF STREET
- Markets Get Ready for Risk-Free Fed Arbitrage Trade to Expire Bloomberg
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