Sentences with phrase «defining federal interest rates»
He voted in favor of defining federal interest rates off the market as opposed to federal arbitration.
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At July 28, 2012, borrowings under the Asset - Based Revolving Credit Facility bore interest at a rate per annum equal to, at NMG's option, either (a) a base rate determined by reference to the highest of (i) a defined prime rate, (ii) the federal funds effective rate plus 1/2 of 1.00 % or (iii) a one - month LIBOR rate plus 1.00 % or (b) a LIBOR rate, subject to certain adjustments, in each case plus an applicable margin.
At April 27, 2013, borrowings under the Asset - Based Revolving Credit Facility bore interest at a rate per annum equal to, at NMG's option, either (a) a base rate determined by reference to the highest of (i) a defined prime rate, (ii) the federal funds effective rate plus 1/2 of 1.00 % or (iii) a one - month LIBOR rate plus 1.00 % or (b) a LIBOR rate, subject to certain adjustments, in each case plus an applicable margin.
For purposes of this paragraph, the term «general level of short - term interest rates» shall be defined as the average value over the preceding six - week interval of the Federal Reserve Bank of New York's benchmark Broad Treasury financing rate on overnight repurchase agreements»
His principal of limiting federal influence is backed up by his support for the Bipartisan Student Loan Certainty Act which removed politics from defining interest rates.
The new rates were defined by the U.S. Treasury Department's May 10 auction of 10 - year notes and published on the Department of Education's Federal Student Aid website after the Federal Reserve officially raised interest rates.
The federal fund rate is defined as the interest rate that one bank charges other bank when lending money to it.