Federal funds transactions.

  1. Law
  2. CFR 12
  3. Banks and Banking
  4. Federal Reserve System
  5. Board of Governors of the Federal Reserve System
  6. Miscellaneous Interpretations
  7. Interpretations
  8. Federal funds transactions.

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§ 250.160 Federal funds transactions.

(a) It is the position of the Board of Governors of the Federal Reserve System that, for purposes of provisions of law administered by the Board, a transaction in Federal funds involves a loan on the part of the selling bank and a borrowing on the part of the purchasing bank.

(b) [Reserved]

(12 U.S.C. 371c)

[33 FR 9866, July 10, 1968, as amended at 67 FR 76622, Dec. 12, 2002]


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