Fed funds and Federal Accounting Standards Advisory Board: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
m (Spacing)
 
imported>Administrator
(CSV import)
 
Line 1: Line 1:
''US Banking''.   
(FASAB). ''US Government accounting.''  
The US Government Accounting Standards Board.  
   
The Board issues a number of Statements of Federal Financial Accounting Concepts (SFFAC) and Statements of Federal Financial Accounting Standards (SFFAS) which cover aspects of accounting standards similar to those issued to the private sector by the Federal Accounting Standards Board (FASB).


Funds deposited by commercial banks at Federal Reserve Banks, including funds in excess of bank reserve requirements.  
Details of their work and standards are available at: www.fasab.gov.  


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 ==
* [[Accounting Standards Board]]
* [[Federal Accounting Standards Board]]
* [[Statement of federal financial accounting concept]]
* [[Statement of federal financial accounting standard]]


== See also ==
* [[Federal Reserve Bank]]
* [[Federal Reserve System]]

Revision as of 14:19, 23 October 2012

(FASAB). US Government accounting. The US Government Accounting Standards Board.

The Board issues a number of Statements of Federal Financial Accounting Concepts (SFFAC) and Statements of Federal Financial Accounting Standards (SFFAS) which cover aspects of accounting standards similar to those issued to the private sector by the Federal Accounting Standards Board (FASB).

Details of their work and standards are available at: www.fasab.gov.

See also


Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Fed_funds&oldid=20334’