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Federal Reserve announces results of offering of seven-day term deposits on August 22.

ENPNewswire-August 23, 2019--Federal Reserve announces results of offering of seven-day term deposits on August 22

(C)2019 ENPublishing -

Release date- 22082019 - 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.

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Publication:ENP Newswire
Date:Aug 23, 2019
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