Federal Share
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A Federal Share is a portion of the total costs paid by the federal funds.
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- Counter-Example(s):
- See: Stock, Shareholder, Uniform Grant Guidance, Financial Assistance.
References
2016
- (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/Federal_funds
- In the United States, federal funds are overnight borrowings between banks and other entities to maintain their bank reserves at the Federal Reserve. Banks keep reserves at Federal Reserve Banks to meet their reserve requirements and to clear financial transactions. Transactions in the federal funds market enable depository institutions with reserve balances in excess of reserve requirements to lend reserves to institutions with reserve deficiencies. These loans are usually made for one day only, that is, "overnight". The interest rate at which these deals are done is called the federal funds rate. Federal funds are not collateralized; like eurodollars, they are an unsecured interbank loan.[1]
- CDER Library v1.5.1.
- QUOTE: Federal share means the portion of the total project costs that are paid by Federal funds.