Federal Funds are non-interest-bearing deposits held at the US Federal Reserve System that are traded between member banks. The Federal funds rate is the overnight rate paid on these funds.
An in-depth explanation of Federal Funds and the Federal Funds Rate, including definitions, mechanisms, examples, historical context, and related terms.
Detailed explanation of Federal Funds, including their roles in the banking system, types, examples, and historical context.
Detailed exploration of federal funds in banking, their same-day clearance, and contrast with clearinghouse funds, including Gresham's Law on monetary circulation.
