Current:Home > NewsThe Fed's radical new bank band-aid-LoTradeCoin
The Fed's radical new bank band-aid
View Date:2024-12-23 20:39:30
Given the rough time banks were having last month, the Federal Reserve rolled out a new plan that gives banks a new way to borrow money. It's called the Bank Term Funding Program and while it's a boon for banks, it has costs and risks.
Today, we uncover what makes the Bank Term Funding Program a unique wrench in the Fed's toolkit.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (9)
Related
- Groups seek a new hearing on a Mississippi mail-in ballot lawsuit
- Eagles replacing defensive coordinator Sean Desai with Matt Patricia − but not officially
- German Chancellor Scholz tests positive for COVID, visit by new Slovak leader canceled
- Could Chiefs be 'America's team'? Data company says Swift may give team edge over Cowboys
- Martha Stewart playfully pushes Drew Barrymore away in touchy interview
- September 2023 in photos: USA TODAY's most memorable images
- Matt Rife doubles down on joke controversies at stand-up show: ‘You don't have to listen to it'
- Storm drenches Florida before heading up East Coast
- Over 1.4 million Honda, Acura vehicles subject of US probe over potential engine failure
- Bangladesh court denies opposition leader’s bail request ahead of a national election
Ranking
- The USDA is testing raw milk for the avian flu. Is raw milk safe?
- Congo’s elections face enormous logistical problems sparking concerns about the vote’s credibility
- November 2023 in photos: USA TODAY's most memorable images
- Thousands of Oil and Gas Wastewater Spills Threaten Property, Groundwater, Wildlife and Livestock Across Texas
- Secret Service Agent Allegedly Took Ex to Barack Obama’s Beach House
- Storied US Steel to be acquired for more than $14 billion by Nippon Steel
- Arkansas sheriff facing obstruction, concealment charges ordered to give up law enforcement duties
- 'Trevor Noah: Where Was I': Release date, trailer, how to watch new comedy special
Recommendation
-
2025 NFL Draft order: Updated first round picks after Week 10 games
-
Three people dead in plane crash that downed power lines, caused brush fire in Oregon, police say
-
3 injured, suspect dead in shooting on Austin's crowded downtown 6th Street
-
What is SB4? Texas immigration enforcement law likely to face court challenge
-
Is the stock market open on Veterans Day? What to know ahead of the federal holiday
-
Albanian lawmakers discuss lifting former prime minister’s immunity as his supporters protest
-
16 killed in Christmas-season shootings in central Mexico state of Guanajuato
-
Farmers protest against a German government plan to cut tax breaks for diesel