12 C.F.R. § 250.160

Federal funds transactions

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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]

Notes of Decisions

Cited in 2 cases, 1986–1986 · leading case: Matter of Bevill, Bresler & Schulman Asset, 67 B.R. 557 (D.N.J. 1986).

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Matter of Bevill, Bresler & Schulman Asset, 67 B.R. 557 (D.N.J. 1986). “" 12 C.F.R. § 250.160 (1985). Federal funds transactions, except for the fact that they are unsecured, are functionally identical to repo transactions.”

Cohen v. Army Moral Support Fund, 67 B.R. 557 (D.N.J. 1986). “” 12 C.F.R. § 250.160 (1985). ^Federal funds transactions, except for the fact that they are unsecured, are functionally identical to repo transactions.”

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