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The US Secretary of the Treasury is a cabinet position. The incumbent has important responsibilies such as insuring the Federal Government has the funds it needs for its operations. The Secretary is also an advisor to the President on fiscal matters. One area however, that is not part of the Secretary's portfolio is setting the so -called discount rate.
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In The Recent Past The Federal Reserve Has Set The Discount Rate?
above the federal funds rate
Has the Federal Reserve increased the rates for small business loans, and if so by how much?
The Federal Reserve does not set the rates for small business loans. They set the Federal Discount Rate-- the rate at which banks may borrow directly from the Fed. Since this is the rate at which banks borrow their money, they always charge more than this rate for loans. SBA.gov administers Federally Backed small business loans.
What is the difference between the federal funds rate and the discount rate?
Financial and banking jargon is particularly arcane and confusing because different people use different terms for the same ideas, concepts, and rates. Other terms sound the same but are different. The federal funds rate, for example, is sometimes called the federal funds target rate or the intended federal funds rate. The latter two terms are more descriptive, because both imply that the Federal Reserve does not have direct control over the rate. The actual federal funds rate is the weighted average of interest rates that banks charge each other. It's set by open market competition but comes remarkably close to the target set by the Fed. The discount rate, in contrast, is usually about a half to a full percentage point higher than the federal funds rate. The Federal Reserve does control that one. The discount rate is the interest rate the Federal Reserve charges other depository institutions for very short-term (usually overnight) loans.
What is an acceptable inflation rate?
Each government will have a set target with which the inflation rate should lie. For example, in NZ the inflation rate target is 1-3%.
How do you change federal funds rate?
The federal funds rate is the interest rate banks charge on loans in the federal funds market. The federal funds rate is not set administratively by the Fed. Instead, the rate is determined by the supply of reserves relative to the demand for them.
Who was the Washington's secretary of treasury?
Alexander Hamilton was the first choice as George Washington's Secretary of the Treasury. Hamilton set up the tax and banking system of the new United States.
Who was Washington's Secretary of the Treasury?
Alexander Hamilton was the first choice as George Washington's Secretary of the Treasury. Hamilton set up the tax and banking system of the new United States.
Who was Washington's secretary of treasury?
Alexander Hamilton was the first choice as George Washington's Secretary of the Treasury. Hamilton set up the tax and banking system of the new United States.
Define bank rate?
The rate of discount set by a central bank
Who was George Washingtons Secretary of the Treasury?
Alexander Hamilton was the first choice as George Washington's Secretary of the Treasury. Hamilton set up the tax and banking system of the new United States.
In the recent past the Federal Reserve has set the discount rate .?
above the federal funds rate
In The Recent Past The Federal Reserve Has Set The Discount Rate?
above the federal funds rate
Federal Reserve-set interest rate to determine the amount needed to pay back the loan?
discount rate
What is prime lending rate, and where can I find more information about it ?
The department of the federal reserve or treasury is where you want to go. That is where interest rates are set for the whole us. They determine what rate you pay in effect.
How did you S raise money to fight the civil war?
The secretary of Treasury, Salmon P. Chase set out to finance the war by: 1 - taxation, 2 - postponing settlement of government debts, 3 - floating a public loan, whose bonds were offering an attracting rate of interest, 4 - issuing of paper money.
Who maintains payments into and out of state treasury?
"benefit payment Off-set Treasury"
Why the discount bond is not a bargain?
Because the rate of return it is still a function of market influences. Whether a bond is premium or discount is merely a reference of the coupon rate vs the real market interest rate. If the issuer sets their coupon rate below the market rate, it is said to be discounted. Set the coupon rate above the market interest rate and it is said to be premium. An invester pays below face value for a discount bond and above for a premium. In the end, the invester receives a return on their investment that aligns with the real market interest rates. Premium vs Discount is merely a reference point from where you start - you still end up in the same place.
