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Federal Reserve System
The central banking system of the United States, responsible for monetary policy, regulation of banks, and maintaining financial stability.
Federal Funds Rate
The interest rate at which depository institutions lend reserve balances to other depository institutions overnight, on an uncollateralized basis.
Required Reserves
The minimum amount of funds that banks must hold in reserve against deposits, as mandated by the central bank.
Clear
To settle or resolve a transaction, debt, or other financial activity, ensuring that all obligations have been fulfilled.
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