Not exact matches
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.
They are the maximum and minimum
effective federal funds rates in any given month spanning from 6 months before the recession began to 6 months after the recession ended, with only one exception: the end period extends to only the official end
of the 1980 recession in July
of 1980, and not 6 months afterwards, because
rates began rising afterwards and including those months would have made the drop appear larger than it actually was.
Borrowings under our credit facility bear interest at a per annum
rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 %) or (b) for ABR loans, the highest
of (i) the
federal funds effective rate plus 0.5 %, (ii) the prime
rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offering.
ABR loans under our Cash Flow Facility bear interest at a variable
rate equal to the applicable margin plus the highest
of (i) 3.5 %, (ii) the prime
rate, (iii) the
federal funds effective rate plus 0.5 %, and (iv) the adjusted LIBOR
rate plus 1.0 %.
ABR loans bear interest at a variable
rate equal to the applicable margin plus the highest
of (i) the prime
rate, (ii) the
federal funds effective rate plus 0.5 %, and (iii) the Eurodollar
rate plus 1.0 %, but in any case at a minimum
rate of 3.25 % per annum.
Borrowings under our credit facility bear interest at a per annum
rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest
of (i) the
federal funds effective rate plus 0.5 %, (ii) the prime
rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offering.
Consequently, the Fed can no longer target the
effective federal funds rate, and influence other short - term interest
rates, just by making modest changes to the stock
of bank reserves.
The FED has been testing its ON RRP (Overnight Reverse Repurchase Agreement) as a tool to control the
effective Federal Funds rate at times
of policy tightening /
rate hike.
The
Federal Reserve states that open market operations regulate «the aggregate level
of balances available in the banking system,» thereby keeping the
effective Federal Funds Rate close to a target level.
Looking back over the past 25 years, a period
of low and stable inflation, stock / bond correlation has generally moved in tandem with monetary policy, as measured by the
effective federal funds rate.
It is set every 14 days at the average
of the daily
effective federal funds rate and the three - month CD
rate over the previous 14 days, meaning it's affected by market interest
rates.
The
Effective Federal Funds rate has risen from 0.12 % in November 2015 to 1.3 % in December
of 2017.
The table below illustrates that the average
Effective Federal Funds Rate at the time
of prior yield curve inversions was 6.16 %, and the lowest
Funds Rate at inversion was 2.94 % back in 1956.