§250.160. Federal funds transactions.
12 C.F.R. § 250.160
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.
[Reserved]
Notes, amendments, and revision history
Amendments
[33 FR 9866, July 10, 1968, as amended at 67 FR 76622, Dec. 12, 2002]
Authority
Authority: 12 U.S.C. 78, 248(i), 371c(f) and 371c-1(e).
Source
Source: 33 FR 9866, July 10, 1968, unless otherwise noted.
Amendments
[33 FR 9866, July 10, 1968, as amended at 67 FR 76622, Dec. 12, 2002]