Why Nostr? What is Njump?
2023-12-17 04:58:50
in reply to

Sir Teetse on Nostr: Theodore John Kaczynski I had to look this up because it sounds so stupid. "The Bank ...


I had to look this up because it sounds so stupid.
"The Bank Term Funding Program (BTFP), announced by the Federal Reserve Board in March 2023, offers loans of up to one year in length to banks, savings associations, credit unions and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities and other qualifying assets as collateral. These assets will be valued at par."
What happens in March '24 when the loans are up?
Author Public Key
npub1z2q2sv87teg7l70yje0zhec2mu3zgrerps326cjz35nmwz4ad5hq2eq8x2