Funds represented by checks or drafts that pass between banks through the Federal Reserve System. Unlike Federal Funds which are drawn on reserve balances and are good the same day, clearing house funds require three days to clear. Also, funds used to settle transactions on which there is one day's Float.
Clearing House Funds
| Financial & Investment Dictionary: Clearing House Funds |
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 | Good Money (finance term) |
| Clear (finance term) |
| Clearinghouse (in banking) |
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 | Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Good Money (finance term)
- Clear (finance term)
- Clearinghouse (in banking)
- Federation of the AOK
