Fed creates new emergency lending program in 2024?

Fed creates new emergency lending program in 2024?

$5,734 vol

Order book

No

Market Rules

The outcome is No

If the Federal Reserve creates a new emergency lending program or facility by 2024, then the market resolves to Yes. Outcome verified from Federal Reserve.

Timeline and payout

Market openMar 15, 2024 · 8:00am EDT

Market closedAfter the outcome occurs

Paid out1 hour after closing

If this event occurs, the market will close the following 10am ET. Otherwise, it closes by Dec 31, 2024 at 11:59pm EST.

SeriesKXFEDFACILITY

EventFEDFACILITY-24

MarketFEDFACILITY-24

Insider trading is prohibited

The following are prohibited from trading this contract:

Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.

About

The Federal Reserve established the Bank Term Funding Program (BTFP) in March 2023 to provide emergency funding to eligible depository institutions, ensuring they could meet depositor needs. The BTFP offered loans of up to one year, using U.S. Treasuries, agency debt, and mortgage-backed securities as collateral, valued at par. The program ceased extending new loans on March 11, 2024.