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Term Fed Funds

Term Fed Funds Definition

Term Fed Funds are funds that banks borrow from the Federal Reserve System for a period of more than one day but less than 90 days. Banks purchase these funds when their borrowing needs will last for several days and wish to benefit from a low interest rate in a rising rate environment.


Additional meaning of Term Fed Funds:

Term Fed funds may have higher interest rates than overnight federal funds, but their rate is still  lower than an individual borrower would pay.


RELATED TERMS
Federal Reserve System
RELATED CATEGORIES
Banking







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