Fed’s Barr Declares End to Emergency Loan Program Amid Banking Stability Michael Barr, the Fed’s vice chair for supervision, announced that the Federal Reserve’s Bank Term Funding Program, initiated during last year’s regional banking crisis, will not be extended past its March 11 expiration. The program, designed as a temporary measure to alleviate financial system stress, allows banks and credit unions to borrow funds for up to a year. Despite a surge in borrowing due to anticipations of interest rate cuts, Barr emphasized its emergency nature and expects its usage to continue until the deadline. Barr also addressed questions about potential changes to capital requirements for major Wall Street banks and their impact on consumer credit and affordable mortgages. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Government Measures Aim to Strengthen Demand for ZiG in Zimbabwe READ MORE Gold Wavers as U.S. Economic Slowdown Spurs Rate Cut Speculation READ MORE Bank of America Predicts Surge to $3,000 as Central Banks and Investors Rally READ MORE U.S. Bankruptcies Experience Significant Increase in 2023, Expected to Rise Further in 2024 READ MORE BullionStar In the News – Mediacorp Channel 8 April 17th, 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment