FEDERAL-FUNDS RATE

By SovConn | October 25, 2015

federal-funds rate.The interest rate at which banks lend to each other overnight. • The loans

are usu. made by banks with excess reserves to those with temporarily insufficient reserves. —

Also termed fed-funds rafederal-funds rate.The interest rate at which banks lend to each other overnight. • The loans
are usu. made by banks with excess reserves to those with temporarily insufficient reserves. —
Also termed fed-funds rate. — Often shortened to fed funds.
te. — Often shortened to fed funds.[Blacks Law 8th]

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