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Nervous on banks?
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<blockquote data-quote="Over70irregs" data-source="post: 5548284" data-attributes="member: 59424"><p>(MUST BE NICE)</p><p>The Fed thus set up the Bank Term Funding Program (BTFP) to provide liquidity to U.S. depository institutions. Under the program, each Federal Reserve Bank would make cash advances to eligible borrowers, taking as collateral certain types of securities (those that can be purchased by Federal Reserve Banks in <a href="https://www.investopedia.com/terms/o/openmarketoperations.asp" target="_blank">open market operations</a>). Eligible borrowers include any U.S. federally insured bank, savings association, credit union, or U.S. branch or agency of a foreign bank.</p></blockquote><p></p>
[QUOTE="Over70irregs, post: 5548284, member: 59424"] (MUST BE NICE) The Fed thus set up the Bank Term Funding Program (BTFP) to provide liquidity to U.S. depository institutions. Under the program, each Federal Reserve Bank would make cash advances to eligible borrowers, taking as collateral certain types of securities (those that can be purchased by Federal Reserve Banks in [URL='https://www.investopedia.com/terms/o/openmarketoperations.asp']open market operations[/URL]). Eligible borrowers include any U.S. federally insured bank, savings association, credit union, or U.S. branch or agency of a foreign bank. [/QUOTE]
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