Banks at a Crossroads Is Your Money Truly Secure -3

What Is the Bank Term Funding Rate? How Long Is It Available? The interest rate for Bank Term Funding loans is published daily on the Fed’s discount window website.It is a fixed rate consisting of the one-year overnight index swap rate (OIS) plus 10 basis points. As of April 21, 2023, that rate was 4.95%. According to the Fed, this special interest rate began on March 12, 2023, and is set to continue “at least” through March 11, 2024. https://www.thestreet.com/dictionary/b/bank-term-funding-program-btfp

Bank borrowing from fed rises in latest week, Fed data show

https://finance.yahoo.com/news/bank-borrowing-fed-rises-latest-165750761.html

5.) Banks Are Now Closing Thousands of Accounts Daily - DeBanking: Debanking based on political, social, and geopolitical views refers to financial institutions denying services or terminating accounts of individuals or organizations due to their political beliefs, social activism, or involvement in controversial activities. It raises concerns about freedom of speech and can create financial exclusion based on ideological or geopolitical positions. The total has increased every year since, climbing to just over 343,000 accounts in 2021-22 – representing well over 1,000 for every business day of the week,” says The Guardian .

https://franknez.com/banks-are-now-closing-thousands-of-accounts-daily/

A US Bank Is Denying Access To Funds And Freezing Accounts, Leaving Customers in Dire Financial Straits: Report https://dailyhodl.com/2023/08/19/a-us-bank-is-denying-access-to-funds-and-freezing-acco unts-leaving-customers-in-dire-financial-straits-report/amp/