
Liquidity Fairy Alert! It just keeps going up! Bank Term Funding Program usage above $100B for the 15th consecutive week! ($107.993B vs $107.855B 9/6)
TLDRS:
* Borrowing from the liquidity fairy via BTFP continues to make up for a shrinking M2 and dwindling commercial deposits.
* Bank Term Funding Program over $100B for the 15th week in a row ($107.993B) .
* As of 8/31/23 $2,173,066,000 in interest to survive another day.