Fed announced Sunday additional funding will be made available through the creation of a new Bank Term Funding Program #BTFP, offering loans of up to 1 yr in length to banks, savings associations, credit unions, other eligible depository institutions pledging US #Treasuries, #AgencyDebt, #MortgageBacked #securities #MBS. These assets will be valued at par. BTFP will be an additional source of liquidity against high-quality securities https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm #FinancialCrisis2023 #SystemicRisk