1. Regulations
  2. title 12
  3. chapter II-i2
  4. part 250
  5. subjgrp 1
  6. § 250.160

View all text of Subjgrp 1 [§ 250.141 - § 250.260]

§ 250.160 - Federal funds transactions.

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

AUTHORITY: 12 U.S.C. 78, 248(i), 371c(f) and 371c-1(e).

SOURCE: 33 FR 9866, July 10, 1968, unless otherwise noted.

CITE AS: 12 CFR 250.160