Federal Funds Rates definition

Federal Funds Rates for a given month. In turn, the daily Federal Funds Rates shall mean, for any day, the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the business day next succeeding such day.
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Federal Funds Rates means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Administrative Agent on such day on such transactions as determined by the Administrative Agent.
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Federal Funds Rates means for any day the rate per annum (rounded upward, if necessary, to the nearest 1/100th of 1%) equal to the weighed average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds rate for such day shall be such rate on such transactions on the next preceding Business Day and (b) if no such rate is s published on such next preceding Business Day, the Federal Funds Rates for such day shall be the average rate quoted to the Agent on such day on such transactions as determined by the Agent.
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Examples of Federal Funds Rates in a sentence

  • If this Note is a Federal Funds Rate Note that resets daily, the interest rate on the Note for the period from and including a Monday to, but excluding, the succeeding Monday will be reset by the Calculation Agent on the second (2nd) Monday, or, if not a Business Day, on the next Business Day, to a rate equal to the average of the Federal Funds Rates in effect for each such day in such week.

  • If this Note resets daily, the interest rate on this Note for the period from and including a Monday to but excluding the succeeding Monday will be reset by the Calculation Agent on such second Monday (or, if not a Business Day, on the next succeeding Business Day) to a rate equal to the average of the Federal Funds Rates in effect with respect to each such day in such week.

  • Floating Rate Determinations LIBOR rates for the Interest Period of May 15, 1997 through June 15, 1997: Class B determination - 5.68750% ----------- Collateral Interest determination - 5.68750% ----------- The average of the Federal Funds Rates for the Interest Period: May 15, 1997 through June 15, 1997 5.52469% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M.

  • Floating Rate Determinations LIBOR rates for the Interest Period of June 16, 1997 through July 14, 1997: Class B determination - 5.68750% ----------- Collateral Interest determination - 5.68750% ----------- The average of the Federal Funds Rates for the Interest Period: June 16, 1997 through July 14, 1997 5.58379% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M.

  • BASE RATE -- for any day, the rate per annum equal to the higher of: (i) the Prime Rate (as such rate may fluctuate from time to time as provided for herein) for such day; or (ii) the Federal Funds Rates plus 0.5%.

  • If there was no such Interest Reset Period, the Federal Funds Rate will be the Initial Interest Rate.If this Note is a Federal Funds Rate Note that resets daily, the interest rate on the Note for the period from and including a Monday to, but excluding, the succeeding Monday will be reset by the Calculation Agent on the second (2nd) Monday, or, if not a Business Day, on the next Business Day, to a rate equal to the average of the Federal Funds Rates in effect for each such day in such week.

  • Floating Rate Determinations LIBOR rates for the Interest Period of October 15, 1996 to November 14, 1996: Class B determination - 5.37500% ----------- Collateral Interest determination - 5.38281% ----------- The average of the Federal Funds Rates for the Interest Period: October 15, 1996 to November 14, 1996 5.30258% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M.

  • Floating Rate Determinations LIBOR rates for the Interest Period of July 15, 1997 through August 14, 1997: Class B determination - 5.68750% ----------- Collateral Interest determination - 5.67969% ----------- The average of the Federal Funds Rates for the Interest Period: July 15, 1997 through August 14, 1997 5.55968% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M.

  • Floating Rate Determinations LIBOR rates for the Interest Period of January 15, 1997 through February 17, 1997: Class B determination - 5.50000% ----------- Collateral Interest determination - 5.48438% ----------- The average of the Federal Funds Rates for the Interest Period: January 15, 1997 through February 17, 1997 5.13824% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M.

  • Floating Rate Determinations LIBOR rates for the Interest Period of March 17, 1997 through April 14, 1997: Class B determination - 5.50000% ----------- Collateral Interest determination - 5.43750% ----------- The average of the Federal Funds Rates for the Interest Period: March 17, 1997 through April 14, 1997 5.53517% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer By: Marguerite M.


More Definitions of Federal Funds Rates

Federal Funds Rates means, for any day, the rate of interest per annum (rounded upward, if necessary, to the nearest whole multiple of 1/100th of 1%) equal to the weighted
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Federal Funds Rates means, for any day, the rate of interest per annum (rounded upward, if necessary, to the nearest whole multiple of 1/100th of 1%) equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such date, as published by the Federal Reserve Bank of New York on such day, or if no such rate is so published on such day, on the most recent day preceding such day on which such rate is so published.
Sample 1
Federal Funds Rates means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.
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Related to Federal Funds Rates

  • Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

  • Fed Funds Rate means, for any period, a fluctuating interest rate (expressed as a per annum rate and rounded upwards, if necessary, to the next 1/16 of 1%) equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rates are not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by BNPLC's Parent from three Federal funds brokers of recognized standing selected by BNPLC's Parent. All determinations of the Fed Funds Rate by BNPLC's Parent shall, in the absence of clear and demonstrable error, be binding and conclusive upon NAI.

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Reference Rate means the rate specified as such hereon.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Administrative Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage on such day.

  • NYFRB Rate means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

  • Commercial Paper Rate means: (1) the

  • Base Rate means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.” The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

  • Federal Funds means federal or other immediately available funds which at the time of payment are legal tender for the payment of public and private debts in the United States of America.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such Interest Period, which appears on the Telerate Page 3750 as of 11:00 a.m. (London, England time) on the day 2 Business Days before the commencement of such Interest Period.