The Fed on Monday will offer $1 billion in 14-day term deposits through a new facility the central bank hopes will help drain excess reserves from the financial system. Under the Fed’s Term Deposit Facility, participating institutions can submit up to three competitive bids. The minimum bid amount per bid is $10,000, and the minimum award is $10,000. – DJ
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!