October 20, 2016

Federal Reserve announces results of offering of seven-day term deposits on October 20

For release at 3:30 p.m. EDT

On October 20, 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:    F66
Total Amount Awarded:    $48,601,100,000
Number of Participants:    24


The awarded deposits will settle on October 20, 2016, and will mature on October 27, 2016. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

Last Update: October 20, 2016