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EFFR

It stands for effective federal funds rate; a method of calculating the federal funds rate (fed funds rate) that produces...

Effective Federal Funds Rate

A method of calculating the federal funds rate (fed funds rate) that produces the volume-weighted median of daily traded rates...

Excess Reserve

A reserve that a bank creates (out of its monetary profits) and holds in excess of required reserves, minus monetary...

Encumbered Asset

An asset that a bank or financial institution is prevented from disposing of in any form including liquidation, sale, transfer...

Exotic Certificate of Deposit

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

External Positions

In banking, this refers to asset and liability positions of a bank vis-à-vis banks and non-banks located abroad, i.e., in...

Equity-Linked CD

A certificate of deposit (CD) that is linked to the performance of some equity market variable, specifically the price of...

Exotic CD

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

Exceptions

The differences between the ledger balances of a bank and those of a correspondent bank. Exceptions arise from respondent- correspondent...

Escrow Account

An account that is established by a lender or an intermediary bank to hold separate funds for the purpose of...