Federal Reserve announces results of offering of seven-day term deposits on February 23
February 24, 2017 / Source: FRB
Release Date: February 23, 2017
For release at 3:30 p.m. EST
On February 23, 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: F67
Total Amount Awarded: $16,625,000,000
Number of Participants: 30
The awarded deposits will settle on February 23, 2017, and will mature on March 2, 2017. The operation effective rate will apply to all awarded deposits.
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