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Federal Reserve announces results of offering of seven-day term deposits on October 19

October 20, 2017 / Source: FRB

Press Release

October 19, 2017

Federal Reserve announces results of offering of seven-day term deposits on October 19

For release at 3:30 p.m. EDT

On October 19, 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:    F70
Total Amount Awarded:    $14,140,350,000
Number of Participants:    28

The awarded deposits will settle on October 19, 2017, and will mature on October 26, 2017. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

Last Update: October 19, 2017