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 Social Security at a Crossroads: Can the System Survive an Aging America? READ MORE Gold Prices Dip as U.S. Recession Concerns Ease, Dollar Strengthens READ MORE Chinese Shops Disappear with Customers' Gold READ MORE In Response to a Steady Fed, Southeast Asia Adjusts Rates to Safeguard Currencies READ MORE US Treasury Yields Stabilize as Middle East Tensions Ease READ MORE Add a Comment Cancel replyYour email address will not be published.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