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Term Fed Funds |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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