Federal Reserve Board Announced Ending of the Bank Term Funding Program

February 20, 2024

On January 24, 2024, the Federal Reserve Board announced (Off-site) the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11, 2024.

You can find more details about this program, including lending agreements and information on how to borrow, on FRBdiscountwindow.org (Off-site). This website also provides contact information for your Federal Reserve Credit Risk Management team for any additional questions.

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