Current location - Trademark Inquiry Complete Network - Tian Tian Fund - What is the federal funds market?
What is the federal funds market?
Because the Federal Reserve is the lender of last resort to commercial banks, it means that it will not provide discount loans to commercial banks unless it is absolutely necessary. Once lending, it will strictly supervise commercial banks, that is, it will add commercial banks to the "blacklist", so commercial banks are more willing to borrow money in the federal fund market than in the discount window.