2 ms·
> 2. "a special assessment" aka a tax on member banks directly And if some bank doesn't have enough to cover everything they can get freshly printed USD courte
by perryizgr8 4y ago
> 2. "a special assessment" aka a tax on member banks directly
And if some bank doesn't have enough to cover everything they can get freshly printed USD courtesy of BTFP: https://www.wsj.com/livecoverage/stock-market-news-today-03-13-2023/card/meet-the-btfp-the-fed-s-2023-crisis-facility-Bn7TsQpropbMiW1Z3kdp https://www.wsj.com/livecoverage/stock-market-news-today-03-...