Birdwatch Note Rating
2023-12-23 07:59:29 UTC - HELPFUL
Rated by Participant: F59A0A55B755D0EC0D1415819EF4F3D1E2D3B9950974B8CFFA3F02DE6AAAC4A2
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