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

[kreslik.news]

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: F67Total Amount Awarded: $16,625,000,000Number of Participants: 30The 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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2017 Monetary ... ([url=http://www.federalreserve.gov/newsevents/press/monetary/20170223a.htm]read more)