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Aug 11, 2016

FRB Press Release - August 11, 2016: Federal Reserve announces results of offering of seven-day term deposits on August 11.

Press Release

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
The awarded deposits will settle on August 11, 2016, and will mature on August 18, 2016.The operation effective rate will apply to all awarded deposits.
For media inquiries, call 202-452-2955.

Last update: August 11, 2016