skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

Press Release

Federal Reserve Press Release

Release Date: March 25, 2014

For release at 12:00 p.m. ET

On March 24, 2014, 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:

F38

Total Amount Awarded:

$14,251,000,000

Number of Participants:

27

 

 

The awarded deposits will settle on March 27, 2014, and will mature on April 3, 2014. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

 
Last update: March 25, 2014