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The federal funds rate is the interest rate: the Fed charges banks who borrow from it. banks charge each other for overnight loans on excess
The federal funds rate is the interest rate:
the Fed charges banks who borrow from it.
banks charge each other for overnight loans on excess reserves held at the Fed.
the U.S. Treasury charges banks that need emergency funds.
the FDIC charges banks that need to borrow from it to meet depositor demands.
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