How are bank rates reflected by the federal rate?

Answer Bank rates and federal rates are closely related and are a good indicator of interest rates in general. The bank rate is usually one point higher than the federal rate.Bank RatesThe bank rate is th... Read More »

Top Q&A For: How are bank rates reflected by the federal rate

Does the Federal Reserve bank control the interest rates?

The Federal Reserve does not control all interest rates. The Federal Reserve only directly controls the federal fund rate. The Federal Reserve has no direct control over mortgage rates, corporate b... Read More »

Are federal contractors eligible for federal government hotel rates?

Yes, contractors working for the federal government are generally eligible for the same reduced rates offered to federal-government employees. However, the exact nature of the benefits offered is u... Read More »

Is the Federal Reserve Bank a Private Bank?

Federal Reserve banks are not private companies, according to the Federal Reserve Board. However, they do act like a private company because private banks can hold stock in Federal Reserve banks--b... Read More »

Is the Federal Reserve Bank a federal agency?

The Federal Reserve Bank is a component of the Federal Reserve System (a.k.a., the Fed), which is a government agency of the United States. The Reserve Bank is made up of 12 regional banks across m... Read More »