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FEDERAL FUNDS MARKET: The market used by banks to borrow and lend bank reserves. In particular, a substantial part of the reserves held by banks are deposits with the Federal Reserve System. On many occasions some banks will have more deposits than they need to meet the Fed's reserve requirements, while other banks find themselves a little short. It's a simple matter then for one bank to lend some of these extra reserves to another--usually for no more than a few days. Working on instructions from the banks, the Fed electronically switches funds from one account to another and a federal funds market loan has been completed. The interest rate tacked on by the lending bank is termed the federal funds rate.

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AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE:

A scientific society whose main mission is to advance science and innovation throughout the world. The American Association for the Advancement of Science (AAAS for short) publishes one of the most respected scientific magazines called Science. The association and magazine have nearly 140,000 individual and institutional subscribers, plus 272 affiliated organizations in more than 130 countries, serving a total of 10 million individuals. The American Association for the Advancement of Science was founded in 1848 to represent all disciplines of science and to support scientific exchange and discussion of science and society issues.
The American Association for the Advancement of Science has many goals. Among the most important ones, it strives to foster communication among scientists, engineers and the public, to enhance international cooperation in science, to promote the responsible conduct and use of science and technology, and to foster education in science and technology for everyone. The AAAS is primarily funded through private donations.

The AAAS publishes Science, which is a weekly, peer-reviewed journal that reports on significant original scientific research, plus reviews and analyses of current research and science policy. Science has headquarters in Washington, D.C., and Cambridge, U.K., and it publishes research from all fields of science.

Four Programs

The AAAS maintains four program areas:
  • Science and Policy: Includes programs devoted to activities in realms where science, government and society intersect. These programs serve a number of AAAS objectives, including furthering the work of scientists, improving the effectiveness of science in the promotion of human welfare, and fostering scientific freedom and responsibility

  • International Programs: Programs devoted to enhance cooperation between scientists and engineers in the United States and those of other countries. Programs are designed to strengthen the role of scientists and engineers in developing countries and to increase the contribution of science and technology to the solution of regional and global problems.

  • Education and Human Resources: Programs designed to promote science, technology, engineering and mathematics education. These program target a diverse audience including schools, teachers and librarians, children, families and communities, higher education, and the public.

  • Project 2061: A long-term AAAS initiative to advance literacy of science, mathematics and technology. In a 1989 publication of Science, Project 2061 set out recommendations for what all students should know and be able to do in science, mathematics, and technology by the time they graduate from high school. The project laid the groundwork for the nationwide science standards movement of the 1990s.

Recognitions

As part of its efforts for the advancement of science, the AAAS also keeps two programs to recognize distinguished scientists:
  • Fellowships: Election as a fellow of AAAS is an honor bestowed upon members by their peers. Fellows are recognized for meritorious efforts to advance science or its applications.

  • Awards: To recognize scientists, journalists, and public servants for significant contributions to science and to the public's understanding of science

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Recommended Citation:

AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: March 28, 2024].


Check Out These Related Terms...

     | National Bureau of Economic Research | Conference Board, The | Bureau of Economic Analysis | Bureau of Labor Economics | Nobel Prize in Economic Sciences |


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     | economic science | science | social science | physical science | positive economics | economic analysis |


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     | scientific method | cause and effect | theory | principles | data | abstraction |


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     | American Association for the Advancement of Science |


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