HomeDefinitionsCompareDebt Federal funds rateThe financial definition for Federal funds rate:The interest rate that banks with excess reserves at a Federal Reserve district bank charge other banks that need overnight loans. The Fed funds rate, as it is called, often points to the direction of US interest rates. The most sensitive indicator of the direction of interest rates, since it is set daily by the market, unlike the prime rate and the discount rate. Similar MatchesBoard of Governors of the Federal Reserve SystemBoard of Governors of the Federal Reserve SystemThe managing body of the Federal Reserve System, set which policies on bank practices and the Federal Reserve System. Federal Advisory Council (FAC)Federal Advisory Council (FAC)Advisory group made up of one representative (in most cases a banker) from each of the 12 Federal Reserve districts. Established by the Federal REserve Act, the council meets periodically with the Board of Governors to discuss business and financial conditions and make recommendations. Federal agency bondFederal agency bondFixed-income security issued by a government agency such as FNMA. Further SuggestionsFederal agency securitiesFederal Agricultural Mortgage Corporation (Farmer Mac) Federal credit agencies Federal deficit (surplus) Federal Deposit Insurance Corporation (FDIC) Federal Farm Credit Bank Federal Farm Credit System Click to compare definitions of Federal funds rate Click to view definitions beginning fe |