federal funds

plural noun

: reserve funds lent overnight by one Federal Reserve bank to another

Examples of federal funds in a Sentence

Recent Examples on the Web The program has seen an enrollment surge since the start of 2023, drawing down federal funds faster than anticipated, experts say. Jacob Bogage, Washington Post, 27 Feb. 2024 Still, economists note that the U.S. central bank is likely to move cautiously in lowering the federal funds rate. Alain Sherter, CBS News, 26 Feb. 2024 For example, Vermont will spend $125 million a year to expand eligibility for subsidies for low-income families, and Kentucky has spent $50 million on grants since federal funds expired. Claire Cain Miller, New York Times, 26 Feb. 2024 Advanced semiconductor companies have requested more than double the amount of available federal funds for projects in the US, Commerce Secretary Gina Raimondo said, referring to a program designed to bring chip manufacturing back to American soil. Mackenzie Hawkins, Fortune, 26 Feb. 2024 Automakers are finally taking major steps to do something about that, tapping into newly available federal funds, plus their own money, to install more chargers. Peter Valdes-Dapena, CNN, 25 Feb. 2024 And while federal funds were dispersed to help the neighborhoods rebuild, most of the money never made it to the community. C. Isaiah Smalls Ii, Miami Herald, 24 Feb. 2024 Ultimately, the federal funds rate increased from nearly zero to 5.5%, impacting everything from home mortgages to small business borrowing costs. Mario Peshev, Forbes, 23 Feb. 2024 The White House’s declaration unlocks federal funds that will be used for grants to provide temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and business owners recover, officials said. Caleb Lunetta, San Diego Union-Tribune, 20 Feb. 2024 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'federal funds.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1924, in the meaning defined above

Time Traveler
The first known use of federal funds was in 1924

Dictionary Entries Near federal funds

Cite this Entry

“Federal funds.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/federal%20funds. Accessed 4 Mar. 2024.

Last Updated: - Updated example sentences
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