February 12, 2015

Federal Reserve announces results of offering of 21-day term deposits on February 12

For release at 3:30 p.m. EST

On February 12, 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: F56
Total Amount Awarded: $108,838,200,000
Number of Participants: 47

The awarded deposits will settle on February 12, 2015, and will mature on March 5, 2015. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

Last Update: February 12, 2015