Fed loans, account guarantees helped stabilize 'deposit flows' at regional banks, Treasury official says

Fed loans, account guarantees helped stabilize 'deposit flows' at regional banks, Treasury official says

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They included guaranteeing the deposits of customers at the two failed banks; creating a new fund, the Bank Term Funding Program, to make short-term loans to banks on generous terms; and easing conditions at the Fed's traditional overnight bank lending arm, the so called "discount window." The…

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