The Federal Reserve’s lending program to support US banks is in high demand as borrowings shatter $100 billion. The latest data from the Fed shows that its Bank Term Fund Program (BTFP) has issued loans to the tune of $100.16 billion as of June 7th, compared to $93.61 billion borrowed the week ending May 31st. The post US Banks Borrow $100,000,000,000 From Fed’s Emergency Lending Platform As Industry Fights Crisis of Confidence and Liquidity appeared first on The Daily Hodl .
