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LSDefine

Simple English definitions for legal terms

fed funds

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A quick definition of fed funds:

Term: FED FUNDS

Definition: Fed funds refer to the money that banks lend to each other overnight to meet their reserve requirements. The interest rate at which these transactions occur is called the federal funds rate. This rate is set by the Federal Reserve and is used as a tool to control the money supply and stabilize the economy. Essentially, the fed funds market is where banks borrow and lend money to each other to maintain their required reserves and keep the financial system functioning smoothly.

A more thorough explanation:

Fed Funds

Fed Funds refer to the Federal Funds Rate, which is the interest rate at which banks lend and borrow money from each other overnight to meet their reserve requirements set by the Federal Reserve.

For example, if Bank A has excess reserves and Bank B needs to borrow money to meet its reserve requirements, Bank B can borrow from Bank A at the Fed Funds Rate. The Fed Funds Rate is set by the Federal Reserve and is used as a benchmark for other interest rates, such as the Prime Rate and the LIBOR.

Another example is when the Federal Reserve wants to increase the money supply in the economy, it can lower the Fed Funds Rate, making it cheaper for banks to borrow money and increasing the amount of money available for lending.

The examples illustrate how the Fed Funds Rate works and its importance in the banking system and the economy. Banks use the Fed Funds Rate to manage their reserves and meet their obligations, while the Federal Reserve uses it to influence the money supply and the overall level of economic activity.

federation | fed-funds rate

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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