Federal Reserve announces results of offering of seven-day term deposits on December 3

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 3, 2015. It is reproduced in full below.

On Dec. 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 Dec. 3, 2015, and will mature on Dec. 10, 2015. The operation effective rate will apply to all awarded deposits.

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Source: Board of Governors of the Federal Reserve System