August 06, 2015

Federal Reserve announces results of offering of 14-day term deposits on August 6

For release at 3:30 p.m. EDT

On August 6, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered 14-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: F60
Total Amount Awarded: $66,066,000,000
Number of Participants: 41

The awarded deposits will settle on August 6, 2015, and will mature on August 20, 2015. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

Last Update: August 06, 2015