Fed’s Emergency Lending: 1,804 Institutions Tapped

Federal Reserve Discloses Substantial Utilization of Emergency Lending Facility Following SVB Collapse

In a telling revelation, the Federal Reserve has reported significant engagement with its emergency lending facility, established in the aftermath of the Silicon Valley Bank (SVB) debacle. This program, known as the Bank Term Funding Program (BTFP), was a lifeline for a striking 20% of all eligible firms, underscoring the acute liquidity challenges faced by the sector.