FedNow Service and Fed funds: Difference between pages
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imported>Doug Williamson (Create the page: Source : https://www.frbservices.org/financial-services/fednow/what-is-fednow.html) |
imported>Doug Williamson m (Spacing) |
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'' | ''US Banking''. | ||
Funds deposited by commercial banks at Federal Reserve Banks, including funds in excess of bank reserve requirements. | |||
Banks may lend federal funds to each other on an overnight basis at the federal funds rate to help the borrowing bank satisfy its reserve requirements or liquidity needs. | |||
==See also== | == See also == | ||
* [[Federal Reserve Bank]] | * [[Federal Reserve Bank]] | ||
* [[ | * [[Federal Reserve System]] | ||
Revision as of 21:40, 25 August 2013
US Banking.
Funds deposited by commercial banks at Federal Reserve Banks, including funds in excess of bank reserve requirements.
Banks may lend federal funds to each other on an overnight basis at the federal funds rate to help the borrowing bank satisfy its reserve requirements or liquidity needs.
