Federal Funds Purchased/Securities Sold Under Repurchase Agreement (SF.BS.FedFundsPurchScrtySoldLiab)

Federal Funds Purchased/Securities Sold Under Repurchase Agreement (SF.BS.FedFundsPurchScrtySoldLiab) refers to all the funds acquired from a financial institution for a limited period of time to meet reserve requirements.

Federal Funds Purchased are short-term loans granted by the Federal Reverse banks to Financial Institutions that are depositories with the Federal Reserve banks without any collateral, usually at the Federal Funds rate. These may be considered wholesale loans to other banks.

Securities Sold Under Repurchase Agreement (“Repo”) are securities purchased on a temporary basis from other financial institutions with a predetermined selling price within a short period of time.