Federal Funds Borrowing Facility

Federal Funds Borrowing Facility

ACBB provides Federal Funds lines for overnight liquidity purposes. We offer Federal Funds Borrowing Facilities (“FFBF”) to respondent banks for the sale of federal funds, on either an unsecured or secured basis, or a combination of unsecured and secured. All borrowings are due and payable in full the next business day after the borrowing transaction.

  • Unsecured facilities can be used for periods of up to fourteen (14) consecutive calendar days
  • Secured facilities can be used for periods of up to one hundred eighty (180) calendar days and must be secured by investments ACBB has in safekeeping for the respondent bank
  • Must be, or become, an ACBB shareholder
  • Collateral is held in safekeeping with ACBB and typically consists of Government Treasuries or Government-sponsored mortgage backed securities.