Fed awards $13.5 bln in term deposits

WASHINGTON Tue Nov 19, 2013 12:03pm EST

WASHINGTON Nov 19 (Reuters) - The U.S. Federal Reserve said on Tuesday it had awarded $13.5 billion in 28-day term deposits.

The Fed said it conducted the fixed-rate offering on Monday, with full allotment of tenders through its Term Deposit Facility.

The operation offered 28-day term deposits at an interest rate of 0.26000 percent. The total amount awarded was $13,531,600,000 and there were 27 participants, the Fed said.

The awarded deposits will settle on November 21, 2013, and will mature on December 19, 2013. The interest rate of 0.26000 percent will apply to all awarded deposits, the Fed said.

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