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Emergency Lending Facility Supports Institutions
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Overview
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1,804 banks and institutions utilized an emergency lending facility set up after Silicon Valley Bank's collapse, constituting 20% of eligible entities. The Bank Term Funding Program provided loans on favorable terms, peaking at $165 billion and slated to conclude by March 2025.
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How did the collapse of Silicon Valley Bank necessitate the establishment of this emergency lending facility?
How might the closure of the Bank Term Funding Program impact the financial stability of the participating institutions?
What criteria determined the eligibility of institutions to access this emergency lending program?
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