Federal Reserve announces results of offering of seven-day term deposits on May 30
May 31, 2019 / Source: FRB
Press Release
May 30, 2019
Federal Reserve announces results of offering of seven-day term deposits on May 30
For release at 3:30 p.m. EDT
On May 30, 2019, 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: |
F73 |
|
Total Amount Awarded: |
$2,700,010,000 |
|
Number of Participants: |
21 |
The awarded deposits will settle on May 30, 2019, and will mature on June 6, 2019. The operation effective rate will apply to all awarded deposits.
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Last Update: May 30, 2019