Release Date: August 11, 2016
On August 11, 2016, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.Following are the results of the operation:
|TDF Operation ID:||F65|
|Total Amount Awarded:||$58,594,010,000|
|Number of Participants:||32|
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