Sale of federal funds definition

Sale of federal funds means any transaction between depository institutions involving the transfer of immediately available funds resulting from credits to deposit balances at federal reserve banks, or from credits to new or existing deposit balances due from a correspondent depository institution.
Sale of federal funds means any transaction between depository insti- tutions involving the transfer of imme- diately available funds resulting from credits to deposit balances at Federal Reserve Banks, or from credits to new or existing deposit balances due from a correspondent depository institution.
Sale of federal funds means any transaction between depository institutions

More Definitions of Sale of federal funds

Sale of federal funds means any transaction between depository institutions involving the transfer of
Sale of federal funds means any transaction between depository institutions involving the transfer of immediately available funds resulting from credits to deposit

Related to Sale of federal funds

  • New York Fed s Website" means the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website of the Federal Reserve Bank of New York;

  • 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.

  • General Account consists of all our assets other than those held in any separate investment accounts.