August 11, 2016

Federal Reserve announces results of offering of seven-day term deposits on August 11

For release at 3:30 p.m. EDT

On August 11, 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:    F65
Total Amount Awarded:    $58,594,010,000
Number of Participants:    32

The awarded deposits will settle on August 11, 2016, and will mature on August 18, 2016.The operation effective rate will apply to all awarded deposits.

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Last Update: August 11, 2016