BTFP lending hits record high amid lower rate

Emergency facility extended $8bn at the start of the December, more than previous three months combined

Lending via the Bank Term Funding Program, the emergency lending facility introduced by the US Federal Reserve following the March banking crisis, hit a new record in the first week of December, with just three months to go until the programme is wound down.

As of December 6, the BTFP had $121.7 billion loans outstanding, the most since its inception on March 12. Advances during the first week of the month rose $7.8 billion, more than in the previous three months combined, which saw much more

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here