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 BRICS Grain Exchange Idea Moves Forward READ MORE Powell's Testimony Suggests Softening of Controversial Bank Capital Proposal READ MORE Many Top Executives Withhold Financial Support in Trump vs. Biden Rematch READ MORE ECB's Second Rate Reduction Signals Gradual Shift in Monetary Policy READ MORE China’s Gen Z Gives Gold a Boost READ MORE Add a Comment Cancel replyYour email address will not be published.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