Federal Financial Assistance

A Federal Financial Assistance a financial assistance provided by U.S. federal government to any federal program, project, service, bank or activity

• AKA: Federal Assitance, Federal Aid, Federal Fund, Federal Benefit.
• See: Federal Awarding Agency, Federal Grant, Grant Recipient, Uniform Grant Guidance, U.S. Federal Government, Financial Assistance.

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References

2016

• (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/Administration_of_federal_assistance_in_the_United_States
  • In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, and activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.

    The assistance, which can reach to over $400 billion annually, is provided and administered by federal government agencies, such as the U.S. Department of Housing and Urban Development and the U.S. Department of Health and Human Services, through special programs to recipients.

• (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/Federal_funds
  • In the United States, federal funds are overnight borrowings between banks and other entities to maintain their bank reserves at the Federal Reserve. Banks keep reserves at Federal Reserve Banks to meet their reserve requirements and to clear financial transactions. Transactions in the federal funds market enable depository institutions with reserve balances in excess of reserve requirements to lend reserves to institutions with reserve deficiencies. These loans are usually made for one day only, that is, "overnight". The interest rate at which these deals are done is called the federal funds rate. Federal funds are not collateralized; like eurodollars, they are an unsecured interbank loan.

2016

• CDER Library v1.5.1.
  • QUOTE: Federal Financial Assistance
    

(a) For grants and cooperative agreements, Federal Financial Assistance means assistance that non-Federal entities receive or administer in the form of:

1. Grants;
   
2. Cooperative agreements;
   
3. Non-cash contributions or donations of property (including donated surplus property);
   
4. Direct appropriations;
   
5. Food commodities; and
   
6. Other Financial Assistance (except assistance listed in paragraph (b) of this section).
   

(b) For Subpart F - Audit Requirements of this part, Federal Financial Assistance also includes assistance that non-Federal entities receive or administer in the form of:

1. Loans;
   
2. Loan Guarantees;
   
3. Interest subsidies; and
   
4. Insurance.
   

(c) Federal Financial Assistance does not include amounts received as reimbursement for services rendered to individuals as described in §200.502 Basis for determining Federal awards expended, paragraph (h) and (i) of this part.

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