The Bank Term Funding Program (BTFP) was a loan program for banks operated by the United States Federal Reserve since 2023,[1][2] the Federal Reserve established BTFP to offer loans of up to one year to eligible depository institutions pledging qualifying assets as collateral, as a response to help stabilize the banking industry after the 2023 United States banking crisis.[3] The program was introduced on March 12, 2023[2][3] and was set to expire in March 2024.[4] It ceased extending new loans on March 11, 2024.[5]
- ^ Ensign, Rachel Louise; Benoit, David (March 12, 2023). "Signature Bank Is Shut by Regulators After SVB Failure". The Wall Street Journal. Archived from the original on March 13, 2023. Retrieved March 12, 2023.
- ^ a b "Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors". Federal Reserve. March 12, 2023. Archived from the original on March 12, 2023. Retrieved March 12, 2023.
This article incorporates text from this source, which is in the public domain.
- ^ a b Stein, Jeff; Lynch, David J.; Romm, Tony; Pager, Tyler (March 12, 2023). "U.S. says 'all' deposits at failed bank will be available Monday". The Washington Post. Archived from the original on March 12, 2023. Retrieved March 12, 2023.
- ^ Cite error: The named reference
:02was invoked but never defined (see the help page). - ^ "Bank Term Funding Program". Federal Reserve. 12 March 2024. Retrieved 18 March 2024.
