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Federal Reserve announces results of offering of seven-day term deposits on August 23

August 26, 2018 / Source: FRB

Press Release

August 23, 2018

Federal Reserve announces results of offering of seven-day term deposits on August 23

For release at 3:30 p.m. EDT

On August 23, 2018, 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:    F72
Total Amount Awarded:    $2,487,010,000
Number of Participants:    19

The awarded deposits will settle on August 23, 2018, and will mature on August 30, 2018. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

Last Update: August 23, 2018