by Peril May 25, 2006
Get the federollin mug.(FINANCE) the rate at which Federal Reserve System member banks lend reserves to each other. It is the one interest rate actually set by the Federal Reserve Board. The other rates, such for treasury securities, are set by auction.
Bank reserves are a fixed percentage of deposits held in reserve against sudden demand by the depositor. In some cases bank reserves take the form of deposits with a Federal Reserve Bank, like the Federal Reserve Bank of New York.* Such deposits do not earn interest for the member bank, unless they are re-lent out at the federal funds rate.
"Federal funds" refers to emergency lending (overnight) among member banks so that the borrower can meet its reserve requirements. Reserves may include deposits with a Federal Reserve Bank which can be loaned by the member bank to another member bank (thereby earning interest).
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* Member banks in the FRS are regular national/state chartered banks, or investment banks. The FRS itself includes 12 Federal Reserve Banks, which actually do the financial work of the FRS.
Bank reserves are a fixed percentage of deposits held in reserve against sudden demand by the depositor. In some cases bank reserves take the form of deposits with a Federal Reserve Bank, like the Federal Reserve Bank of New York.* Such deposits do not earn interest for the member bank, unless they are re-lent out at the federal funds rate.
"Federal funds" refers to emergency lending (overnight) among member banks so that the borrower can meet its reserve requirements. Reserves may include deposits with a Federal Reserve Bank which can be loaned by the member bank to another member bank (thereby earning interest).
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* Member banks in the FRS are regular national/state chartered banks, or investment banks. The FRS itself includes 12 Federal Reserve Banks, which actually do the financial work of the FRS.
by Abu Yahya September 4, 2010
Get the federal funds rate mug.Related Words
Feier
• Feierabend
• feierabendbier
• Fever
• Federico
• Federal
• fever dream
• federline
• Federal Reserve
• Feuer Frei
Having hair similar to, or in the form of an afro.
Also, a contagious disease that can cause one's hair to become like a brillo pad.
Also, a contagious disease that can cause one's hair to become like a brillo pad.
Hey Logan, you've got that Afro Fever looking good today.
Your Afro Fever is getting worse, can i borrow your head to wash my sink?
Your Afro Fever is getting worse, can i borrow your head to wash my sink?
by §teven April 9, 2008
Get the Afro Fever mug.by bigpimpers February 9, 2010
Get the antartica fever mug.The occurrence when a typically a woman who is attracted to more than one gender dates lots of non-men for a period before getting an overwhelming crush on the most normal, if not mediocre, white man they can interact with. She will not interact with him more than twice daily and not less than once weekly giving her enough time to romanticize his blandness
Person 1: Have you seen Katie today?
Person 2: Naw, she's been hanging around the library all day because she caught mad White Boy Fever for the nerdy assistant dude
Person 1: But wasn't she just going out with Emily?
Person 2: They broke up like two weeks ago man. White Boy Fever has her now
Person 2: Naw, she's been hanging around the library all day because she caught mad White Boy Fever for the nerdy assistant dude
Person 1: But wasn't she just going out with Emily?
Person 2: They broke up like two weeks ago man. White Boy Fever has her now
by Sapphi_154 November 22, 2021
Get the White Boy Fever mug.by Colby November 18, 2003
Get the cabin fever mug.(ECONOMICS) Any of the 12 constituent district banks of the Federal Reserve System. Federal Reserve Banks may be referred to either by the number of the district they serve (e.g., 12th FRB) or by the city in which they are headquartered (e.g., FRB of San Francisco).
Representatives of the FRB's are eligible to serve on the Federal Open Market Committee (FOMC), the committee that actually administers monetary policy through sales or purchases of treasury securities.
The Federal Reserve Bank of New York (2nd FRB) is by far the most important of the 12 district banks. Each bank holding company is likely to have a subsidiary in NYC, and the 2nd District is uniquely guaranteed a seat on the FOMC. The other 11 rotate, with 4 taking a year-long turn at the FOMC at any given time.
Representatives of the FRB's are eligible to serve on the Federal Open Market Committee (FOMC), the committee that actually administers monetary policy through sales or purchases of treasury securities.
The Federal Reserve Bank of New York (2nd FRB) is by far the most important of the 12 district banks. Each bank holding company is likely to have a subsidiary in NYC, and the 2nd District is uniquely guaranteed a seat on the FOMC. The other 11 rotate, with 4 taking a year-long turn at the FOMC at any given time.
The Federal Reserve Bank of New York has historically supplied the secretaries of the Treasury or else the chairmen of the Federal Reserve Board.
by Abu Yahya May 5, 2010
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