Fed funds and Pension Benefit Guaranty Corporation: Difference between pages

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''US Banking''.   
(PBGC). ''US Pensions''
An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.   


Funds deposited by commercial banks at Federal Reserve Banks, including funds in excess of bank reserve requirements.
The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.
 
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.


The equivalent in the UK is the Pension Protection Fund.


== See also ==
== See also ==
* [[Federal Reserve Bank]]
* [[Pension Protection Fund]]
* [[Federal Reserve System]]

Revision as of 13:57, 6 May 2013

(PBGC). US Pensions. An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.

The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.

The equivalent in the UK is the Pension Protection Fund.

See also