federal funds
noun[plural]
GOVERNMENT,FINANCEukus(alsofed funds)moneythat the USgovernmentmakesavailablefor eachstatetopayforprojectsorresearch:
Localtaxesfund$4.7billionofspendingonschools, withstateandfederalfundsprovidingtherest.
Many of thehousingprojectsin theareawerebuiltwithfederalfundsandtaxcredits.
$70,000/$2 million/5.5 billion, etc. in federal fundsThenationallaboratoryisspending$60 million thisyearinfederalfundsonadvancedbiodetectionsystems.
use/receive/lose federal fundsTheproposalwouldofferstatesflexibilityin usingfederalfundstoexpandhealthinsurancecoverage.
in the US,moneythatbanksgive tofederalreservebankstolendto otherbankswho need it:
federal funds (interest) rateTheFedhas taken thedecisiontocutboth thediscountrateand thefederalfundsrateaquarterpoint.
Compare
state funds