The Fed says that 1,804 banks and other institutions tapped the emergency lending facility

Fed says 1,804 banks and other institutions tapped emergency lending facility. About 95% of the borrowers had less than $10 billion in assets. The Bank Term Funding Program was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank.

Fed says 1,804 banks and other institutions tapped emergency lending facility. About 95% of the borrowers had less than $10 billion in assets. Bank Term Funding Program was aimed at addressing a liquidity crunch after run on deposits led to the failures of SVB and Signature Bank.