Definitions for "Fed Funds" Add To Word List
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Funds deposited by commercial banks at Federal Reserve Banks. By requiring banks...
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Account balances held by banks at their local Fed Bank.
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Deposits held by US banks in accounts at their regional Federal Reserve banks.
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Cash balances held by banks with their local Federal Reserve Bank. The normal transaction with these fund is an inter bank sale of a Fed fund deposit for one business day. Straight deals are where the funds are traded overnight on a unsecured basis.
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Noninterest-bearing deposits held by member banks at the Federal Reserve.
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(1) The overnight borrowing of reserves by a bank from another bank. (2) Immediately available funds (vs. Clearing House Funds).
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