12 CFR 250.160 - Federal funds transactions.

§ 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]

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

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