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 Gold's Record-Breaking Rally: Beyond Economic Indicators READ MORE Rethinking the 60/40 Strategy: BofA Suggests Commodities as the New Fixed Income READ MORE America's $35 Trillion Debt: A Ticking Time Bomb for Future Generations READ MORE Higher Inflation Challenges South Africa's Economic Stability READ MORE Fed's Bowman Urges Caution: Inflation Risks Persist, Rate Cuts Premature READ MORE Add a Comment Cancel replyYour email address will not be published.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