European Insurance and Occupational Pensions Authority and Fed funds: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Expand first sentence.) |
imported>Doug Williamson m (Added 1 lines space before see also 12/3/14) |
||
Line 1: | Line 1: | ||
''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 System]] | ||
Revision as of 10:20, 12 March 2014
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.