
Liquidity Fairy Alert! Up and up it goes! Bank Term Funding Program usage above $100B for the 14th consecutive week! ($107.855B vs $107.527B 8/30).
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 14th week in a row ($107.855B) .
* Notice how use of the Discount Window has PLUMMETED as BTFP has come in to