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.
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