overnight market

Salt Lake City is not measured in the overnight markets.

The overnight market is the component of the money market involving the shortest term loan.

The overnight rate is generally the rate that large banks use to borrow and lend from one another in the overnight market.

Most of the activity in the so-called overnight market in fact occurs in the morning immediately after the start of business for the day.

For example, investment bank Bear Stearns was required to replenish much of its funding in overnight markets, making the firm vulnerable to credit market disruptions.

"Our overnight market is decreasing," said Eugene Dilbeck, the State Director of Travel and Tourism.

The only major competitor in the overnight market was Federal Express (FedEx), which didn't open its first international service until 1981, expanding to Toronto, Ontario, Canada.

The direct impact of today's rate reduction may save only about $250 million to $350 million in lower interest costs in the overnight market over the course of a year.

Given the short period of the loan, the interest rate charged in the overnight market, known as the overnight rate is, generally speaking, the lowest rate at which banks lend money.

Kane Freight Lines, Inc.'s state-of-the-art transportation fleet provides overnight market service to the entire northeastern US: 36% of the US population, or 80 million consumers.

The rates for these two facilities signal the central bank system's outlook for commercial interest rates and sets the upper and lower limit for interest rates on the overnight market.

DHL turned their attention to the overnight market in the U.S., following the success of FedEx, and opened a major distribution hub in Cincinnati in 1983.

The overnight rate fluctuates over the course of a business day, depending on the amount of money demanded from and supplied to the overnight market over the course of the day.

The Knicks-Bulls game Sunday drew a 19.1 rating and a 39 share in New York in A.C. Nielsen's overnight market survey but a titanic 39.4/68 in Chicago.

If this projection is that the institutions' clients will need more money over the course of the day than the institution has on hand, the institution will borrow money on the overnight market that day.

While Federal Express owns more than half the $10 billion domestic air courier market, the $5 billion to $6 billion international overnight market is dominated by DHL Worldwide Express.

Monex's president, Oki Matsumoto, said that his company had no plans to abandon the overnight market and that he would talk to DLJ and the other online brokers about joining his service.

On the other hand, if the analyst projects that the institution will have surplus money on hand beyond that needed by its clients that day, then it will lend money on the overnight market that day.

Baltimore, home to Pimlico Race Course, where the Preakness is run, produced a 21.1 rating, the highest of the 56 overnight markets, followed by a 16.9 for Philadelphia, where Smarty Jones is the favorite son.

The overnight market in stock index futures - a market that was being closely watched for signs of how New York would open - gyrated rapidly as far more contracts were traded than on a normal Sunday night and Monday morning.

But it is worth noting that ECM and Nonesuch, the labels that have made the biggest splash with new music, have chosen repertory on the basis of a longstanding commitment to certain contemporary styles rather than overnight market testing.

By the end of last week, the curve at the short end of the market had already become inverted, meaning that investors are more willing to hold two-year maturities, for example, rather than investing in the overnight market for Federal Funds.

NBC's telecast of Super Bowl XXVII produced a 43.9 Nielsen rating with a 65 share in preliminary results from 28 overnight markets, an 8.6 percent increase over the 40.4 rating in 25 markets for last year's game on CBS.

Differing from some of their counterparts in the United States, few investors in Brazil are worried about a default of domestic debt as long as the central bank is able to roll over bonds in the overnight market or redeem debt by printing money, measures that would inevitably fuel inflation.

Banks are the largest participant in the overnight market, although some other large financial institutions, e.g. mutual funds, also buy and sell on the overnight market as a way to manage unanticipated cash needs or as a temporary haven for money until the institution can decide on where to invest that money.