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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: February 18, 2016

For release at 3:30 p.m. ET

On February 18, 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: F63
Total Amount Awarded: $63,907,030,000
Number of Participants: 40

The awarded deposits will settle on February 18, 2016, and will mature on February 25, 2016. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

Last update: February 18, 2016