Federal Funds

Business / Taxes / Federal Funds: When banks have more cash than they're required to in their reserve accounts, they can deposit the money in a Federal Reserve bank or lend it to another bank overnight. That money is called federal funds, and the interest rate at which the banks lend to each other is called the federal funds rate. The term also describes money the Federal Reserve uses to buy government securities when it wants to take money out of circulation. It might do this to tighten the money supply in the hope of forestalling an increase in inflation.

Other Words for Funds

Funds Noun Synonyms: money, (hard) cash, ready money, assets, means, wealth, resources, wherewithal, savings, capital, nest egg, endowment, loot, lucre, pelf, green, bread, dough, ready, readies, lolly, bucks, scratch
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Same-Day Funds Settlement (SDFS)

Business / Finance / Same-Day Funds Settlement (SDFS): A method of settlement used in trading between well-collateralized parties in good-the-same-day federal funds used by the Depository Trust Company for transactions in U.S. government securities, short MORE

Evans-Allen Funds

Business / Agriculture / Evans-Allen Funds: Federal funds distributed to the 1890 land grant colleges of agriculture under a provision in the National Agricultural Research, Extension, and Teaching Policy Act of 1977, to support research progra MORE

Federal Savings And Loan Association

Business / Finance / Federal Savings And Loan Association: The monetary authority of the U.S., established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulat MORE

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