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Non-Cattle Specific Topics
Every Thing Else Board
LOW interest to help who stimulate what. Keep who afloat?
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<blockquote data-quote="TexasBred" data-source="post: 537225" data-attributes="member: 6897"><p>Dusty...Fed Funds rate may or may not effect lending rates. Actually these are rates that local banks can either borrow funds to meet liquidity requirements (usually very short term as in overnight) or invest surplus funds into Federal Funds in which case they are paid "fed fund rate" for that one night or more. It's a simple way to keep excess cash earning some rate of interest. Banks by law are required to keep a certain % of cash available at all times. Anything over that amount can be loaned out or invested in "fed funds", any amount short of that amount would be borrowed overnight to meet liquidity requirements.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 537225, member: 6897"] Dusty...Fed Funds rate may or may not effect lending rates. Actually these are rates that local banks can either borrow funds to meet liquidity requirements (usually very short term as in overnight) or invest surplus funds into Federal Funds in which case they are paid "fed fund rate" for that one night or more. It's a simple way to keep excess cash earning some rate of interest. Banks by law are required to keep a certain % of cash available at all times. Anything over that amount can be loaned out or invested in "fed funds", any amount short of that amount would be borrowed overnight to meet liquidity requirements. [/QUOTE]
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LOW interest to help who stimulate what. Keep who afloat?
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