You successfully added to your cart! You can either continue shopping, or checkout now if you'd like.
Note: If you'd like to continue shopping, you can always access your cart from the icon at the upper-right of every page.
Quantity:
You successfully added to your cart! You can either continue shopping, or checkout now if you'd like.
Note: If you'd like to continue shopping, you can always access your cart from the icon at the upper-right of every page.
In the week ended March 15, borrowings under the Fed's deeply stigmatizing last-ditch liquidity facility, the Discount Window, exploded to $152.85BN, a record $148BN weekly jump to an all-time high which surpassed even the borrowings during the financial crisis!
Just as importantly, those curious what the usage of the Fed's new BTFP facility would be, got their answer - and the Fed won't like it: at just $11.943BN, this was a very small amount as banks clearly fear the stigma associated with the BTFP program even more than they loathe the Discount Window. This is in line with what Goldman suggested: "While use of the BTFP is the most straightforward measure of the extent to which deposit outflows are putting banks under pressure, many banks say they will only use the BTFP once they have exhausted other funding sources such as FHLB advances, certificate of deposit issuance, and the wholesale debt market." Clearly many banks are staying away.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
We are only able to do what we do because of your support. If you feel led to support this ministry, we deeply appreciate it
