No Bailout? Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity
The recent week witnessed a heightened level of funding stress after Silicon Valley Bank’s collapse, as evidenced by the $164.8 billion borrowed by banks from two Federal Reserve backstop facilities.
According to information released by the Fed, in the week ended March 15, borrowing from the discount window, which is the conventional source of liquidity for banks, reached an all-time high of $152.85 billion, up from the previous week’s $4.58 billion.
The previous record high of $111 billion was observed during the 2008 financial crisis, Yahoo News reported per Bloomberg.
Additionally, the information indicated that borrowing from the newly introduced emergency backstop by the Fed, called the Bank Term Funding Program, reached $11.9 billion. The program was launched on Sunday.
"Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity"
READ MORE: https://finance.yahoo.com/news/banks-borrow-164-8-billion-203000220.html
Links for B.C.
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoU...
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
Follow Me On Parler
https://parler.com/profile/Bcbegley20...
Watch Me On BitChute
https://www.bitchute.com/channel/FYML...
Subscribe To The Apocalypse Watch App
https://newapocalypsewatch.com
-
10:19
Worldview Financial TV
8 months agoBank Failures Have Become Normal. Can We Afford Another 2008-Style Bailout?
24 -
9:29
Nobody Special Finance
1 year ago $0.01 earnedDesperate US Banks Borrowed A Record Amount in March
371 -
1:04:44
Americans for Limited Government
1 year ago $0.35 earnedBAILOUT: Did The Fed Just Guarantee $1 TRILLION In Uninsured Deposits? Silicon Valley Bank FALLOUT!
618 -
1:04:43
Americans for Limited Government
1 year agoBAILOUT: Did The Fed Just Guarantee $1 TRILLION In Uninsured Deposits? Silicon Valley Bank FALLOUT!
9 -
2:44
DonnahueGeorge
1 year agoConsumers withdrew $470B from banks As bank liquidity dries will high risk loans to hedgies stop?
-
16:11
hankswank68
1 year agoBREAKING: BAILOUTS BEGIN! - MORE BANKS TO COLLAPSE? - FEDERAL RESERVE MAKES STATEMENT!
138 -
11:24
Heresy Financial
1 year agoHow the Bank Bailouts are Actually Being Funded
8522 -
0:42
NextNewsNetwork
1 year agoWealthy Customers Withdraw Billions from First Republic Bank
55 -
4:06
DonnahueGeorge
1 year agoAre the Big banks loading up on Gold to prepare for Bail ins and liquidity crisis?
4 -
13:46
NORTHAMERICANNEWS01
1 year agoUS Banks In Panic Mode! | BAILOUT CRISIS COMING
76