12 CFR § 250.160 - Federal funds transactions.
---
identifier: "/us/cfr/t12/s250.160"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 250.160 - Federal funds transactions."
title_number: 12
title_name: "Banks and Banking"
section_number: "250.160"
section_name: "Federal funds transactions."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "250"
part_name: "MISCELLANEOUS INTERPRETATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 78, 248(i), 371c(f) and 371c-1(e)."
regulatory_source: "33 FR 9866, July 10, 1968, unless otherwise noted."
cfr_part: "250"
---
# 250.160 Federal funds transactions.
(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.
(b) [Reserved]
(12 U.S.C. 371c)
[33 FR 9866, July 10, 1968, as amended at 67 FR 76622, Dec. 12, 2002]