Release Date: December 3, 2015
For release at 3:30 p.m. ET
On December 3, 2015, 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:||F62|
|Total Amount Awarded:||$43,831,510,000|
|Number of Participants:||43|
The awarded deposits will settle on December 3, 2015, and will mature on December 10, 2015. The operation effective rate will apply to all awarded deposits.
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