From Quiver Quantitative:

The Federal Reserve’s Bank Term Funding Program, originally launched to help during a regional banking crisis, is coming to an end soon without an extension. The Program is set to expire on March 11, and has been crucial in helping banks and credit unions borrow funds for up to a year. The surge in borrowing from the program lately indicates a demand for stability amid economic uncertainties and expectations of an imminent Federal Reserve interest rate cut. Meanwhile, the Fed is also considering increasing capital requirements for large Wall Street banks, potentially impacting consumer credit and affordable mortgage availability.



Read more: Fed’s Barr Announces End of Emergency Loan Program