§ 250.160 Federal funds transactions.
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Title 12—Banks and Banking > CHAPTER II—FEDERAL RESERVE SYSTEM > SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM > PART 250—MISCELLANEOUS INTERPRETATIONS > Interpretations
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(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]
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