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 2889

FINANCE BILLS WITH MATURITY OF 180 DAYS TO UNDER 4 YEARS

Call confidentiality applies to FFIEC 031/041.

Series	Start Date	End Date	Confidential?	Reporting Forms
TEDS2889	1974-11-28	1980-11-05	Yes	FR 414a

Data Description:

Bills of exchange with initial maturities of 180 days to under 4 years 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. COMPARABILITY: Prior to 10/16/75, maturity was 180 days or more.

Last update: May 20, 2024