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Bank Term Funding Program

Podcast

Bank Term Funding Program

Brought to you by: Arnold & Porter

Episode Summary

The Federal Reserve implemented the Bank Term Funding Program earlier this year to ensure that banks have the liquidity required to meet the needs of their depositors. It offers loan of up to one year against eligible U.S. Treasury and Agency collateral, valued at par. It has played a key role in stabilizing bank funding markets after the turbulence of earlier this year. Jim Bergin, a partner at Arnold & Porter and a former Deputy General Counsel at the New York Fed, will discuss the BTFP: what brought it about, its terms and conditions for use, its statutory basis, prospects for its continuance or expansion, and issues regarding discount window "stigma" and disclosure.

In this episode

  • James Bergin, Partner, Arnold & Porter
  • Warren Hrung, SVP, Head of Banking and Financial Services Research, American Bankers Association

Sponsor

Arnold & Porter
Arnold & Porter

Arnold & Porter’s Financial Services group is widely recognized to be among the nation’s premier financial services practices. Our team of over 35 attorneys, led by senior lawyers with significant experience in federal regulatory agencies, affords clients comprehensive regulatory, litigation, and transactional advice on complex and challenging matters, and our broad experience in dealing with financial regulatory agencies allows us to provide highly informed counseling and representation. Representing clients in virtually every segment of the industry, we are recognized for developing innovative structures and novel solutions to regulatory issues, that allow clients to optimize their business strategy. Another key component of our value is the strong integration of our regulatory knowledge and experience with enforcement and litigation defense, and our transactional capabilities. Rather than addressing matters in isolation, the integration of our regulatory experience into enforcement, litigation and transactional matters helps to ensure optimal results for our clients.

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