August 22, 2019
Federal Reserve announces results of offering of seven-day term deposits on August 22
For release at 3:30 p.m. EDT
On August 22, 2019, 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:||F74|
|Total Amount Awarded:||$1,668,000,000|
|Number of Participants:||18|
The awarded deposits will settle on August 22, 2019, and will mature on August 29, 2019. The operation effective rate will apply to all awarded deposits.
For media inquiries, call 202-452-2955.