Bank Term Funding Program definition

Bank Term Funding Program means the bank term funding program created on March 12, 2023 by the Federal Reserve.
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Bank Term Funding Program means the bank term funding program created on March 12, 2023 by the Federal Reserve. “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%,
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Examples of Bank Term Funding Program in a sentence

  • To prevent contagion effects, the FED sets up a Bank Term Funding Program (BTFP) to provide liquidity at par to U.S. depository institutions for up to one year.21st of March 2023: Treasury Sec.

  • In March 2023, the Fed announced the creation of a new liquidity access mechanism ("Bank Term Funding Program").

  • Reflects continued conservative approach to liquidity risk management, in response to the banking industry disruption earlier in year • Bank Term Funding Program: $1.7B outstanding at 6/30/23, with a weighted average rate of 4.47%.

  • To reduce the risk of contagion to all regional banks, the U.S. Federal Reserve set up the Bank Term Funding Program to ensure an appropriate distribution of liquidity within the banking system These events will have negative effects on growth because deposit rates are likely to rise and lending standards will be tightened for small businesses and the commercial real estate sector.

  • In terms of unconventional measures, in March 2023 the Fed announced the creation of a new liquidity access mechanism ("Bank Term Funding Program") in response to the collapse of Silvergate Bank, Silicon Valley Bank and Signature Bank.

  • It isalso necessary to estimate the area of hazard associated with the habitat, property and environment which will depend on the type of the pipeline failure and associated gas release, the time period of release, ignition time, meteorology and the topography of the area.

  • They still have to prove their identity, name, date of birth, and residency in OR, but don’t have to provide proof of legal presence.This has increased the work load at DMV due to people applying for a license that haven’t had one for several years.

  • The Federal Reserve intervened and launched new programs, including the Bank Term Funding Program (BTFP) that provides long-term, low-cost loans to banks in order to shore up liquidity and stability.

  • Uninsured accounts will be supported by the Fed’s new Bank Term Funding Program (BTFP) and its loan commitments will be backstopped by $25 billion from the U.S. Treasury’s Exchange Stabilization Fund.

  • Funding through the Bank Term Funding Program (BTFP) expanded, while borrowingthrough the Discount Window has returned to minimal levels.5 Banking system reserves briefly increased during March 2023 but have modestly declined in the last two quarters.

Related to Bank Term Funding Program

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Education program means any program that is principally engaged in the provision of education, including, but not limited to, early childhood education, elementary and secondary education, postsecondary education, special education, job training, career and technical education, and adult education, and any program that is administered by an educational agency or institution.

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Cooperative education program means a written voluntary agreement between and among districts to provide certain educational programs for pupils in certain groups of districts. The written agreement shall be approved by all affected districts at least annually and shall specify the educational programs to be provided and the estimated number of pupils from each district who will participate in the educational programs.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Education program or activity means locations, events, or circumstances for which the school district exercises substantial control over both the respondent and the context in which the sexual harassment occurs and includes school district education programs or activities that occur on or off of school district property.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.

  • Alternative program means a non-disciplinary monitoring or practice remediation process approved by a physical therapy licensing board. This includes, but is not limited to, substance abuse issues.

  • Pension Funding Rules means the rules of the Code and ERISA regarding minimum required contributions (including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

  • Educator preparation program means a planned sequence of academic courses and experiences leading to a recommendation for licensure by the State Board.

  • Educational loan means a loan made by the authority to an institution.

  • Individual account program means the defined contribution individual account program of

  • Retirement program means a program of rights and obligations which a county, city, village, or township establishes, maintains, or participates in and which, by its express terms or as a result of surrounding circumstances, does 1 or more of the following:

  • Qualifying Educational Program means a program at a post-secondary school level of not less than three consecutive weeks duration that requires each student taking the program to spend not less than 10 hours per week on courses or work in that program.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Continuing education credit or “CE credit” means one continuing education credit as defined in [insert reference in State law or regulations governing producer continuing education course approval].

  • (3) PROGRAM.—The term program’ means

  • Individualized Education Program (IEP means a written statement for a child with a disability that is developed, reviewed, and revised in accordance with Sections 300.320 through 300.324 of 34 CFR.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Qualified health plan means a health benefit plan that has in effect a certification that the plan

  • International Employee Plan means each Company Employee Plan that has been adopted or maintained by the Company or any Affiliate, whether informally or formally, or with respect to which the Company or any Affiliate will or may have any liability, for the benefit of Employees who perform services outside the United States;

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • ERISA Funding Rules means the rules regarding minimum required contributions (including any installment payment thereof) to Title IV Plans, as set forth in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

  • Independent educational evaluation means an evaluation conducted by a qualified examiner who is not employed by the public agency responsible for the education of the child in question.