On May 30, 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: F73 Total Amount Awarded: $2,700,010,000 Number of Participants: 21 The awarded deposits will settle on May 30, 2019, and will mature on June 6, 2019. The operation effective rate will apply to all awarded deposits.
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