The balance of the Bank Term Financing Program (BTFP), an emergency lending tool launched by the Federal Reserve for Silicon Valley Bank (SVB) in the thunderstorm event, was zero in the latest data disclosed by the Federal Reserve. The tool expired on March 11 last year and could not be renewed. Its scale exceeded $160 billion at one point. On March 10, 2023, the US regulator shut down Silicon Valley Bank and the Federal Deposit Insurance Corporation took over bank deposits, becoming one of the largest major bank failures in US financial history. The collapse of SVB also triggered a series of crises in the US banking industry. The SVB incident forced the Federal Reserve, US Treasury, etc. to rescue the market. BTFP was one of the rescue measures. The facility provides loans to eligible depository institutions for up to one year, with eligible assets as collateral.