Tyler Durden Article
..usage of The Fed's BTFP rose for the 8th straight week to a new record high...
We leave you with one thought - in 6 months and counting, America's 'smaller' banks will need to find that $100-billion plus from somewhere as that is when the BTFP bailout program ends (theoretically). Will regional bank balance sheets be stabilized by then? They better hope for a serious recession to smash yields back down (and TSY prices up).