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Interest paid for BTFP users

As of 7/31/23 total outstanding amount of all advances under BTFP was $119,127,391,000. The total value of the collateral pledged (at PAR!!) to secure outstanding advances was $144B. $1,683,694,000 in interest to survive another day...

Bank Term Funding Program (BTFP): https://www.federalreserve.gov/releases/h41/20230810/ DateBank Term Funding Program (BTFP)Up from 3/15, 1st week of program ($ billion)3/15$11.943 billion$0 billion3/22$53.669 billion$41.723 billion3/29$64.403 billion$52.460 billion3/31$64.595
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Congressman French Hill on Treasury's previous $700 million bailout of Yellow: โ€œI think the Treasury is undercollateralized. Iโ€™ll leave it at thatโ€ Treasury owns 15.94 million shares.

Congressman French Hill on Treasury's previous $700 million bailout of Yellow: โ€œI think the Treasury is undercollateralized. Iโ€™ll leave it at thatโ€ Treasury owns 15.94 million shares.

Is this pandemic emergency program blowing up a sign of things to come with BTFP & the collateral it accepts at PAR? Good evening, it looks like Treasury is about to be caught holding the bag on pandemic loans, could there be implications for BTFP? Let's dig in!
dismal-jellyfish ๐Ÿ—ฃ Discussion / Question
BTFP usage

BTFP usage UP AGAIN ($106.864B vs $105.684B on 8/3), marking the 10th 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 and HAPPY almost Friday Superstonk! Borrowing from the Bank Term Funding Program hit a NEW all time high--the 10th 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
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Tamika Bent

CFTC Commissioner Kristin Johnson Announces Tamika Bent as Chief Counsel. "Tamikaโ€™s practice has focused on complex derivatives, banking, and broker-dealer regulatory, transactional, and related bankruptcy matters."

Press Release: CFTC Commissioner Kristin N. Johnson today announced that Tamika Bent has joined her executive staff as Chief Counsel. โ€œTamika is a seasoned derivatives lawyer with more than 15 years of experience, including many years as a senior attorney in private practice, as in-house counsel, and as an academic,
dismal-jellyfish ๐Ÿ“ฐ News