WASHINGTON: The US Federal Reserve on Tuesday said it had awarded $15.2 billion in 7-day term deposits.
The Fed said it conducted the fixed-rate offering on Monday, through its Term Deposit Facility.
The operation offered 7-day term deposits at an interest rate of 0.26000 percent. The amount awarded was $15,183,010,000 and there were 29 participants, the Fed said.
The awarded deposits will settle on March 13 and will mature on March 20. The interest rate of 0.26000 percent will apply to all awarded deposits.
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