From Dow Jones & Company:

The Federal Reserve is not planning to extend the Bank Term Funding Program, an emergency loan program launched last year to bolster the capacity of the banking system after the collapse of Silicon Valley Bank. The program will expire on March 11th and had $25 billion set aside as a backstop. Fed Vice Chair for Supervision Michael Barr reported that the program has been effective in reducing stress in the system. Barr also commented on the proposed Basel III capital requirements and the potential impact on the cost of credit. He also discussed the challenges of regulating private credit and alternative lenders.



Read more: Fed will let emergency bank-loan program expire, top official says