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Press Release

Federal Reserve Board announces creation of a new Bank Term Funding Program

To support American businesses and households, the Federal Reserve Board on March 12, 2023 announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy. Read about the program: The Fed - Bank Term Funding Program (