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Federal Reserve announces results of offering of seven-day term deposits on May 18

May 18, 2017 / Source: FRB

Press Release

May 18, 2017

For release at 3:30 p.m. EDT


On May 18, 2017, 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:    F68
Total Amount Awarded:    $16,347,100,000
Number of Participants:    33

The awarded deposits will settle on May 18, 2017, and will mature on May 25, 2017. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

Last Update: May 18, 2017