OREANDA-NEWS. May 20, 2016. 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:    F64
Total Amount Awarded:    \\$66,820,060,000
Number of Participants:    43

The awarded deposits will settle on May 19, 2016, and will mature on May 26, 2016.  The operation effective rate will apply to all awarded deposits.