12 CFR 250.160 : Banks And Banking (§ 1.1 To Parts 1816-1899) — (Part 230 To Parts 290-299) — Federal Reserve System (Continued) (Part 230 To Parts 290-299) — Board Of Governors Of The Federal Reserve System (Continued) (Part 230 To § 269B.750) — Miscellaneous Interpretations (§ 250.141 To § 250.413) — Interpretations (§ 250.141 To § 250.260) — Federal funds transactions.

4 Aug 2016

(a) 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.

(b) [Reserved]

(12 U.S.C. 371c)

12 CFR 250.160

[33 FR 9866, July 10, 1968, as amended at 67 FR 76622, Dec. 12, 2002]