Fed Term Deposit Facility offering of Feb 18 2016 at US$63 billion

On February 18, 2016, 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: F63
Total Amount Awarded: $63,907,030,000
Number of Participants: 40
The awarded deposits will settle on February 18, 2016, and will mature on February 25, 2016. The operation effective rate will apply to all awarded deposits.

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