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Meaning / Definition of
Supplementary Financing Program
Categories: Credit and Debt, Banking, Economics,
SFP. Program enacted by the Treasury Department to provide supplementary funding to the federal reserve to offset the financial strain due to the creation of various liquidity programs and facilities during the financial crisis of 2008. The funds are acquired through the auction of treasury bills and are placed into an account that the federal reserve may use for various initiatives. The auction is regulated under standard treasury auction rules and standards.
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