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Term Fed Funds
(redirected from Term Fed Fund)

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Term Fed funds
Fed funds sold for a period of time longer than overnight.

Term Fed Funds
Federal funds that a bank borrows for a period of more than one day. Generally speaking, term fed funds have a maximum maturity of 90 days. Banks borrow term fed funds when they need to borrow funds for an extended (but still short-term) period of time and wish to lock in a low interest rate.


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Although gross loans remained around $610 million at June 30, 1997, and March 31, 1997, loans excluding term fed funds increased by $24 million.
 
 
 
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