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Demand for Fed’s Bank Term Funding Facility Grows to Record Highwww.bloomberg.com/news/articles/2023-12-21/demand-for-fed-s-bank-term-funding-facility-grows-to-record-high?utm_source=website&utm_medium=share&utm_campaign=twitter&embedded-checkout=true
593 sats \ 4 comments \ @kr 22 Dec 2023 econ
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572 sats \ 0 replies \ @grayruby 22 Dec 2023
Good info KR.
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0 sats \ 0 replies \ @boisechampion 23 Dec 2023
This is not a metric anyone should care about. The banks benefit from using it and 121 billion is literally pennies.
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0 sats \ 1 reply \ @_b_o_n_e_s_ 22 Dec 2023
https://archive.is/xhUg5
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0 sats \ 0 replies \ @_b_o_n_e_s_ 22 Dec 2023
so if I read it right the banks basically are using it because they'd be stupid not to, not because they have to
they're borrowing from fed then leaving cash at fed to earn interest. 'free' money
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