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federal
Federal Bureau of Investigation
federal case
Federal Communications Commission
Federal Court
Federal Deposit Insurance Corporation
federal district
Federal Election Commission
federal funds
federal funds rate
federal government
Federal Housing Administration
Federal Insurance Contributions Act
Federal Open Market Committee
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Federal Republic of Germany
Federal Reserve Bank
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federal funds
fed·er·al funds


plural noun 
Definition:
 
bank-to-bank loans: money lent overnight from one Federal Reserve Bank to another. The rate of interest charged on such loans is a key economic indicator.
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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