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A comment on Federal Reserve lent $300B in emergency funds to banks in the past week. Parent comment

Re:Federal Reserve lent $300B in emergency funds to banks in... by drexlspivey on Sunday March 19, 2023 @08:24PM (#35225437)
> Rate: The rate for term advances will be the one-year overnight index swap rate plus 10 basis points; the rate will be fixed for the term of the advance on the day the advance is made.

more like 5%

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