Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "F"

Displaying next 80 results of 558
Federal Housing Finance Board (FHFB)
Definition: US government agency chartered in 1989 to assume the responsibilities formerly held by the Federal Home Loan Bank system.
Federal Income Tax
Definition: The federal government levies a tax on personal income. The federal income tax provides for national programs such as defense, foreign affairs, law enforcement, and interest on the national debt.
Federal Insurance Contributions Act (FICA) Tax
Definition: Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents. Also known as the Social Security tax.
Federal Intermediate Credit Bank
Definition: A bank sponsored by the federal government to provide funds to institutions making loans to farmers.
Federal Intrafund Transactions
Definition: Intrabudgetary transactions in which payments and receipts both occur within the same federal fund group.
Federal Land Bank
Definition: A bank administered under the US Farm Credit Administration that provides long-term mortgage credit to farmers for agriculture-related expenditures.
Federal Margin Call
Definition: A broker's demand upon a customer for cash, or securities needed to satisfy the required Regulation T down payment for a purchase or short sale of securities.
Federal Maritime Commission (FMC)
Definition: A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses.
Federal National Mortgage Association (Fannie Mae)
Definition: A publicly owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some nongovernment-backed mortgages.
Federal Open Market Committee (FOMC)
Definition: The body that is responsible for setting the interest rates and credit policies of the Federal Reserve System.
Federal Reserve Act Of 1913
Definition: Federal legislation that established the Federal Reserve System.
Federal Reserve Bank
Definition: One of the 12 member banks constituting the Federal Reserve System that is responsible for overseeing the commercial and savings banks of its region to ensure their compliance with regulation.
Federal Reserve Bank (FRB)
Definition: One of the 12 regional banks in the Federal Reserve System. The 12 FRBs and their 25 branches, which are managed by the Board of Governors of the Federal Reserve System, perform a variety of functions, including operating a nationwide payments system, distributing the nation's currency, supervising and regulating member banks and bank holding companies, and serving as banker for the U.S. Treasury. The FRBs supervise and examine state chartered banks that are members of the Federal Reserve System (state member banks).
Federal Reserve Board (FRB)
Definition: The seven-member governing body of the Federal Reserve System, which is responsible for setting reserve requirements, and the discount rate, and making other key economic decisions.
Federal Reserve District (Reserve District Or District)
Definition: One of the twelve geographic regions served by a Federal Reserve Bank.
Federal Reserve Float
Definition: Float is checkbook money that appears on the books of both the check writer (the payor) and the check receiver (the payee) while a check is being processed. Federal Reserve float is float present during the Federal Reserve's check collection process. To promote efficiency in the payments system and provide certainly about the date that deposited funds will become available to the receiving depository institutions (and the payee), the Federal Reserve credits the reserve accounts of banks that deposit check according to a fixed schedule. However, processing certain checks and collecting funds from the banks on which these checks are written may take more time than the schedule allows. Therefore, the accounts of some banks may be credited before the Federal Reserve is able to collect payment from other banks, resulting in Federal Reserve float.
Federal Reserve Notes
Definition: Issues by the US government to the public through the Federal Reserve Banks and their member banks. They represent money owed by the government to the public. Currently, the item "Federal Reserve notes amounts outstanding" consists of new series issues. The Federal Reserve note is the only class of currency currently issued.
Federal Reserve System
Definition: The monetary authority of the US, established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate monetary policy in the US as well as to supervise Federal Reserve member banks, bank holding companies, international operations of US banks, and US operations of foreign banks.
Federal Reserve System (Fed)
Definition: The central banking system of the United States, founded by the U.S. Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, the Fed's role in banking and the economy has expanded. The Fed administers the nation's monetary policy using three major tools: open market operations, the reserve requirement, and the discount rate. The Fed also plays a major role in the supervision and regulation of the U.S. banking system. The Board of Governors of the Federal Reserve System (the Federal Reserve Board) is made up of seven members appointed to 14-year terms by the president of the United States and confirmed by the Senate. The chairman and vice chairman of the board, however, serve four-year terms. The Federal Reserve Board's policies are carried out by the 12 regional Federal Reserve Banks.
Federal Savings And Loan Association
Definition: An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans.
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