{"data":{"id":"us/12-cfr-250.160","jurisdiction":"us","citation":"12 CFR 250.160","heading":"Federal funds transactions.","body":"(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.\n(b) [Reserved]","path":["Title 12—Banks and Banking","CHAPTER II—FEDERAL RESERVE SYSTEM","SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM","PART 250—MISCELLANEOUS INTERPRETATIONS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"e2bd4a857caa734b1e001fc6c0c5ebc7df11c1d71cbac0e2575936d55e2b50c6","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-250.143","next":"us/12-cfr-250.163"},"notice":"GroundRules: Original legal text. Not legal advice."}