1,804 US depository institutions, including banks and credit unions, used the Fed's emergency lending facility in March, with 95% having assets under $10B.
1,804 US depository institutions, including banks and credit unions, utilized the Fed's emergency lending facility in March. This represents 20% of eligible institutions, with 95% having assets under $10B. The Bank Term Funding Program, established following Silicon Valley Bank & Signature Bank failures, offered $165B loans without haircuts and at low rates, ending March 2023.
April 19, 2024
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