Federal Funds Sold/Securities Purchased Under Resale Agreement (SF.IS.FedFundsSoldSecPurchInc)

Federal Funds Sold/Securities Purchased Under Resale Agreement (SF.IS.FedFundsSoldSecPurchInc) refers to funds provided to a financial institution for a specified period of time to fulfil reserve requirements. Federal Funds Sold are short-term loans to other depository financial institutions without any collateral, provided by Federal Reserve banks, usually at the Federal Funds rate. Securities Purchased Under Resale Agreement are securities purchased on a temporary basis from other financial institutions with a pre-determined selling price within a short period of time.
Federal Funds Sold bear explicit interest factors, while Securities Purchased Under Resale Agreement bear implicit interest factors. The interest on the Securities Purchased Under Resale Agreement is discounted, reflected as the difference between the purchase and resale prices.

Federal Funds Sold/Securities Purchased Under Resale Agreement (SF.IS.FedFundsSoldSecPurchInc) includes:

  • Interest income due from Central Bank
  • Imputed interest income from securities purchased under resale agreements.

Federal Funds Sold/Securities Purchased Under Resale Agreement (SF.IS.FedFundsSoldSecPurchInc) does not include: