Federal Reserve announces results of offering of seven-day term deposits on August 23

August 27, 2018 / Source: FRB

Press Release

August 23, 2018

Federal Reserve announces results of offering of seven-day term deposits on August 23

For release at 3:30 p.m. EDT

On August 23, 2018, 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:    F72
Total Amount Awarded:    $2,487,010,000
Number of Participants:    19

The awarded deposits will settle on August 23, 2018, and will mature on August 30, 2018. The operation effective rate will apply to all awarded deposits.

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Last Update: August 23, 2018