What Is the Foreign Exchange Dealers Association of India (FEDAI)? The Foreign Exchange Dealers Association of India (FEDAI) is an association of commercial banks that specializes in the foreign exchange (forex) markets in India. These institutions are also called Authorised Dealers or ADs. Created in 1958 and incorporated under Indian law, Section 25 of The
What Is the Fed Balance Sheet? The Fed balance sheet is a statement listing the assets and liabilities of the Federal Reserve System. Details of the Fed’s balance sheet are disclosed by the Fed in a weekly report called “Factors Affecting Reserve Balances.” Key Takeaways The Fed balance sheet is a listing of the Federal Reserve’s
Applying 2023 Tax Brackets and Rates to an Individual Earning $80,000 Dollars Amount Subject to Tax Tax Rate Tax at Each Rate $0~$11,000 $11,000 10% $1,100 $11,000 to $44,725 $33,725 12% $4,047 $44,725 to $95,375 $35,275 22% $7,761 Total $80,000 – $12,908 total tax bill Because of the varying tax brackets, a taxpayer will usually
What Are Federal Tax Brackets? The federal tax brackets are overseen by the Internal Revenue Service (IRS) and determine tax rates for individuals, corporations, and trusts. These brackets are adjusted over time, often as a result of differing political philosophies on taxation’s effects on the nation’s overall economy. Key Takeaways Federal tax brackets are set by
What Is the FAFSA? The Free Application for Federal Student Aid, known as the FAFSA, is the official form to apply for federal financial aid to pay for college. It is also used by many states, individual colleges, and universities in making their financial aid decisions. Specifically, the FAFSA determines who will receive aid in
What Is the Federal Budget? The federal budget is an itemized plan for the public expenditures of the United States. It must be approved by Congress and signed by the president in order to release the money that finances all federal activities. The federal budget is the source of the salaries paid to federal employees and
What Is a Federal Call? A federal call is a legally mandated margin call pursuant to Regulation T. Investors will receive a federal call when their margin account lacks sufficient equity to meet the initial margin requirement for new, or initial, purchases. Key Takeaways A federal call is a legal requirement to fund a purchase
What Is a Federal Covered Advisor? A federal covered advisor is an investment advisor in the United States that is registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940. A federal covered advisor is also referred to as a federal covered investment advisor, a federal covered adviser, or an SEC-registered
What Is a Federal Credit Union? A federal credit union (FCU) is a credit union regulated and supervised by the National Credit Union Association (NCUA). The NCUA is a federal government agency with authority designated by the Federal Credit Union Act of 1934 to oversee the national credit union system in the United States. The
What Is the FDIC Improvement Act (FDICIA)? The FDIC Improvement Act (FDICIA) was passed in 1991 at the height of the savings and loan (S&L) crisis. The act fortified the role and resources of the Federal Deposit Insurance Corporation (FDIC) in protecting consumers. The most notable provisions of the act raised the FDIC’s U.S. Treasury
