BTFP usage UP AGAIN (.4% to $107.242B vs $106.864B 8/9), marking the 11th consecutive week over $100B. This looks more and more like there's an over-reliance on Fed Funding--growing faster than inflation 'should be,' I believe the BTFP is a moral hazard!
Hello & HAPPY almost Friday Superstonk!
Borrowing from the Bank Term Funding Program hit a NEW all time high--the 11th consecutive week above $100 billion!
What we are monitoring:
1. Bank Term Funding Program (BTFP)
2. Discount Window/Primary Credit
3. "Other Credit Extensions"
I hope to shed