Release Date: February 19, 2015
For release at 3:30 p.m. ET
On February 19, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered 21-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 3 basis points.
Following are the results of the operation:
|TDF Operation ID:||F57|
|Total Amount Awarded:||$107,229,000,000|
|Number of Participants:||52|
The awarded deposits will settle on February 19, 2015, and will mature on March 12, 2015. The operation effective rate will apply to all awarded deposits.
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