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 True Inflation May Have Peaked in Late 2022 READ MORE Fed Chair Powell: Labor Market 'Fully Back in Balance' READ MORE Gold Climbs on Anticipation of Fed Rate Cuts and Middle East Unrest READ MORE First Fed Rate Cut Expected by Economists in June READ MORE Middle East Tensions Rise: Recent Strikes Near U.S. Base in Syria Escalate Ongoing Conflict READ MORE Add a Comment Cancel replyYour email address will not be published.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