federal funds Meaning in the Cambridge English Dictionary
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Meaning of “federal funds” in the English Dictionary

"federal funds" in Business English

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federal fundsnoun [plural]

uk   us   (also fed funds) GOVERNMENT, FINANCE
money that the US ​government makes ​available for each ​state to ​pay for ​projects or ​research: Local ​taxesfund $4.7 ​billion of ​spending on schools, with ​state and federalfundsproviding the rest. Many of the ​housingprojects in the ​area were ​built with federalfunds and ​taxcredits.$70,000/$2 million/5.5 billion, etc. in federal funds The ​nationallaboratory is ​spending $60 million this ​year in ​federalfunds on ​advanced biodetection ​systems.use/receive/lose federal funds The ​proposal would ​offerstatesflexibility in using ​federalfunds to ​expandhealthinsurancecoverage.
in the US, ​money that ​banks give to federalreservebanks to ​lend to other ​banks who need it: federal funds (interest) rate The Fed has taken the decision to ​cut both the ​discountrate and the ​federalfundsrate a ​quarterpoint.
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(Definition of federal funds from the Cambridge Business English Dictionary © Cambridge University Press)
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