Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

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Data Dictionary

Item Number 2885

FINANCE BILLS WITH MATURITY OF 30 DAYS OR MORE

Call confidentiality applies to FFIEC 031/041.

Series	Start Date	End Date	Confidential?	Reporting Forms
TEDS2885	1973-06-07	1974-11-28	Yes	FR 414a

Data Description:

Bills of exchange with maturities of 30 days or more, drawn mainly to finance general cash needs of business enterprise and hence are to be distinguished from self-liquidating bills which are drawn to finance short-term specific transactions. Sometimes called a working capital acceptance or an "ineligible" acceptance. Beginning June 18, 1973, reserve requirements have been applied to funds raised by member banks through the sale of these finance bills.

Last update: May 17, 2024