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On May 19, 2016, 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: F64Total Amount Awarded: $66,820,060,000Number of Participants: 43The awarded deposits will settle on May 19, 2016, and will mature on May 26, 2016. The operation effective rate will apply to all awarded deposits.
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2016 Monetary ... ([url=http://www.federalreserve.gov/newsevents/press/monetary/20160519a.htm]read more)