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- The interest rate charged by banks with excess reserves at a Federal Reserve district bank to banks needing oversight loans to meet reserve requirements. The federal fund rate is one of the most sensitive indicators of the direction of interest rates since it is set daily by the market.
Office of the Arizona State Treasurer - Cite This Source - This Definition
- Agency Securities, CDs (Certificates of Deposit), Corporate Bond, Federal Reserve Board, Principal, Salomon Brothers Broad Investment-Grade (BIG) Bond Index, Treasury Bond or Note