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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