May 21, 2015

Federal Reserve announces results of offering of 14-day term deposits on May 21

For release at 3:30 p.m. EDT

On May 21, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered 14-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: F58
Total Amount Awarded: $79,919,010,000
Number of Participants: 53

The awarded deposits will settle on May 21, 2015, and will mature on June 4, 2015. The operation effective rate will apply to all awarded deposits.

For media inquiries, call 202-452-2955.

Last Update: May 21, 2015