Federal Reserve Reveals Over 1,800 Banks Accessed Emergency Funds Post-SVB Collapse The Federal Reserve reported that 1,804 depository institutions, representing 20% of all eligible entities, accessed its emergency lending facility following the collapse of Silicon Valley Bank last March. According to the semi-annual Financial Stability Report, most of these institutions—95% in fact—were smaller entities with assets under $10 billion. The Bank Term Funding Program was established to counteract a liquidity crisis triggered by a sudden surge in withdrawals, which led to the failures of major banks like SVB and Signature Bank, necessitating a swift governmental intervention to stabilize the financial sector. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts JP Morgan Gold Traders Contempt for the Law, Plan to Appeal their Convictions READ MORE American Dream Fades: Poll Reveals Growing Pessimism About Financial Goals READ MORE Central Banks Fuel Gold's Ascent to Unprecedented Levels READ MORE Global Public Debt Reaches $97 Trillion, Developing Nations Struggle READ MORE Weak U.S. Jobs Report Boosts Gold Prices As Many Speculate About Fed Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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