federal funds effective rate

federal funds effective rate
USA
federal funds effective rate, Also known as federal funds rate.
A floating interest rate reference rate used by a lender under a loan agreement. In general terms, it is the rate per annum equal to the rate charged on federal funds transactions among members of the Federal Reserve System arranged by federal funds brokers.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • federal funds rate — USA federal funds effective rate, Also known as federal funds rate. A floating interest rate reference rate used by a lender under a loan agreement. In general terms, it is the rate per annum equal to the rate charged on federal funds… …   Law dictionary

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  • Federal Reserve Act — Full title An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for… …   Wikipedia

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  • Federal Deposit Insurance Corporation — FDIC …   Wikipedia

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