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
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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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|Date:||Aug 23, 2019|
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