The U.S. Federal Reserve To Offer $2 Bln In 84-Day Term Deposits

The Fed will offer $2.0 billion in 84-day term deposits on Monday, using a tool to drain excess reserves from the financial system. The opening time for the submission of bids for the Term Deposit Facility sale is 10:00 a.m. EDT, and the closing time is 2:00 p.m. EDT. Noncompetitive bids must be submitted in the same time frame – DJ

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