Birdwatch Note Rating
2023-12-23 16:58:35 UTC - NOT_HELPFUL
Rated by Participant: C818901FAF1FB802E7B588D62CFF8FE90A9E0939B7C7638F28628C815A2E800F
Participant Details
Original Note:
The BTFP is currently lending at lower rate than the Federal Reserve is borrowing money. The BTFP lends at a rate of the one-year OIS rate plus 10 basis points, about 4.8% (federalreserve.gov/financial-stability/files/bank-term-funding-program-faqs.pdf) The Federal Reserve's Reverse Repurchase Agreement Operations are borrowing at a rate of 5.3% (https://fred.stlouisfed.org/series/RRPONTSYAWARD)
All Note Details