What is the meaning of eligible banker's acceptances?

Banker's acceptances that meet Federal Reserve requirements and thus can serve as collateral for bank borrowings from the Federal Reserve. The accepting bank can sell eligible BAs without incurring reserve requirements. (When an accepting bank sells an ineligible BA, the sale is treated as a borrowing subject to reserve requirements.) See banker's acceptance.

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APABarry Goldsmith. (2010). eligible banker's acceptances. Retrieved September 28, 2026, from http://smartdefine.org/eligible_banker%27s_acceptances/definitions/1152865
ChicagoBarry Goldsmith. 2010. "eligible banker's acceptances" http://smartdefine.org/eligible_banker%27s_acceptances/definitions/1152865 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, eligible banker's acceptances, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/eligible_banker%27s_acceptances/definitions/1152865>.
MLABarry Goldsmith. "eligible banker's acceptances" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/eligible_banker%27s_acceptances/definitions/1152865>