Talk:Bank Term Funding Program

The US Fed Bank Term Funding Program is a big deal

When this article was created a week ago (12 March), it may have been possible to think that the Bank Term Funding Program is just a minor program of the United States central bank, and that it only had to do with a few bank failures, limited to March, and in the US. Thus, the rationale to WP:MERGE this into the article March 2023 United States bank failures, which was what was done the next day, on 13 March 2023.

But with the "facility" now sloshing US$100+ billions into various banks, and with a half dozen different reliable source media in that article now referring to what has emerged in the past week as a "banking crisis", and now today, a global banking crisis (that article currently redirects to the article section with those sources: "March_2023_United_States_bank_failures#Broader_impact"), it is no longer correct to have the funding facility be poorly & incompletely described in that other article.

It is time to have a full-blown article to describe what this Bank Term Funding Program is. how large is it? what is the statutory or Constitutional authorization for the program? why did the Fed say they created it? how much money has been provided through BTFP in its first week and to whom? what are both supporters and critics saying about BTFP? has it helped stem the broader crises? is it just a fancy name for something else, etc.? N2e (talk) 01:44, 20 March 2023 (UTC)

I wholeheartedly agree. I was just working on the 2023 United States banking crisis page, and was going to create a fresh page for this topic. I was surprised, and still am moderately confused, as to why a merge was performed when this is easily a very notable topic. I will recreate so that it can get as large as it needs, and not clog the larger banking page with too much program detail. Orecchiette2 (talk) 22:20, 6 February 2024 (UTC)