12 CFR 250.160
§ 250.160 Federal funds transactions.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 250.160, § 250.160 Federal funds transactions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45332
- Permanent ID
ys:prov:45332@1- SHA-256
beb247445edee7a53b79c7fe93feb1702c7dd86ae7db22994c17a8fc17e84e4e
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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]
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.