Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity

Bloomberg2023-03-17

Discount-window borrowing surged to record $152.85 billionNew facility usage totaled $11.9 billion in first three days(Bloomberg) -- Banks borrowed a combined $164.8 billion from two Federal Reserve ...

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Comments

StreetCat
2023-03-17
StreetCat
So it is not tax payers being forked out for free but borrowed. Interesting 👍
MIe
2023-03-17
MIe
Bank crisis chapter over next is fed hike
wkchee
2023-03-17
wkchee
QE while doing QT... they are really *smart* to cheat the market.. haha
Chris Tan
2023-03-17
Chris Tan
Just print and print. Don't need a degree to turn on the printers 🙏🏻
klarky
2023-03-17
klarky
Let them fail
sh99
2023-03-17
sh99
lol ok

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Typically, depositors are only insured up to $250,000.The Fed also took the extraordinary step of extending the safety net by guaranteeing banks would have enough liquidity to meet all deposit needs. The BTFP allows banks to tender government collateral at par in exchange for a one-year loan. Government officials said at the time that there was enough collateral in the banking system to cover all depositors.Analysts at JPMorgan Chase & Co. estimated $2 trillion as an upper level for how much liquidity the new backstop could ultimately provide, although they also developed a smaller calculation of around $460 billion based on the amount of uninsured deposits at six US banks that have the highest ratio of uninsured deposits over total deposits.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9943990341,"gmtCreate":1679017329184,"gmtModify":1679017332562,"author":{"id":"3578091555231876","authorId":"3578091555231876","name":"StreetCat","avatar":"https://community-static.tradeup.com/news/10240289f5373e15472b574f0d2f37a8","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"So it is not tax payers being forked out for free but borrowed. Interesting 👍","listText":"So it is not tax payers being forked out for free but borrowed. Interesting 👍","text":"So it is not tax payers being forked out for free but borrowed. Interesting 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943990341","repostId":2320391087,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943904375,"gmtCreate":1679015696597,"gmtModify":1679017355342,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Bank crisis chapter over next is fed hike&nbsp;","listText":"Bank crisis chapter over next is fed hike&nbsp;","text":"Bank crisis chapter over next is fed hike","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943904375","repostId":2320391087,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943904094,"gmtCreate":1679015682518,"gmtModify":1679017351906,"author":{"id":"3570845600097351","authorId":"3570845600097351","name":"wkchee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"QE while doing QT... they are really *smart* to cheat the market.. haha","listText":"QE while doing QT... they are really *smart* to cheat the market.. haha","text":"QE while doing QT... they are really *smart* to cheat the market.. haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943904094","repostId":2320391087,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943905465,"gmtCreate":1679015573957,"gmtModify":1679015578061,"author":{"id":"4100325483048030","authorId":"4100325483048030","name":"Chris Tan","avatar":"https://community-static.tradeup.com/news/234d0c8219838a66f0165bcb29277534","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Just print and print. Don't need a degree to turn on the printers 🙏🏻","listText":"Just print and print. Don't need a degree to turn on the printers 🙏🏻","text":"Just print and print. Don't need a degree to turn on the printers 🙏🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943905465","repostId":2320391087,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943902573,"gmtCreate":1679015063693,"gmtModify":1679015067644,"author":{"id":"4126097619390902","authorId":"4126097619390902","name":"klarky","avatar":"https://community-static.tradeup.com/news/440ae307ae3a7b5cc1f7c25d579801d8","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1},"htmlText":"Let them fail","listText":"Let them fail","text":"Let them fail","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943902573","repostId":2320391087,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943902244,"gmtCreate":1679014853788,"gmtModify":1679014857141,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"lol ok","listText":"lol ok","text":"lol ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943902244","repostId":2320391087,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":60,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2320391087"}